One Up on Wall Street : How to Use What You Already Know to Make Money in the Market Paperback
by Peter Lynch
Peter Lynch believes that average investors have advantages over Wall Street experts.
Since the best opportunities can be found at the local mall or in their own places of employment, beginners have the chance to learn about potentially successful companies long before before professional analysts discover them.
This headstart on the experts is what produces 'tenbaggers', the stocks that appreciate tenfold or more and turn an average stock portfolio into a star performer.
In this fully updated edition of his classic bestseller, Lynch explains how to research stocks and offers easy-to-follow directions for sorting out the long shots from the no shots.
He also provides valuable advice on how to learn as much as possible from a company's story, and why every investor must ignore the ups and downs of the stock market and focus only on the fundamentals of the company in which they are investing.
- Format: Paperback
- Pages: 304 pages, index
- Publisher: Simon & Schuster
- Publication Date: 21/08/2000
- Category: Stocks & shares
- ISBN: 9780743200400
Showing 1 - 5 of 7 reviews.
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Review by gq2000
Overly simplied, but an excellent book for beginners (better than Intelligent Investor). When you buy stocks with products/stores that you like, remember two things: (1) Check the valuation; don't overpay. (2) Ask yourself if the product/store is just a "fad" that does not have sustainable growth power in the long run.
Review by m8eyboy
I love all three of Peter Lynch's books, but this is the best. It contains within it the secret of successful stockpicking and much wit and wisdom. Lynch was a successful fund manager, a claim to fame in itself, with a disarmingly simple style. Follow it and you will be casing department stores and cozying up to investor relations departments in no time. You see: "All you have to do is put as much effort into picking your stocks as you do into buying your groceries."
Review by VVilliam
An incredible and fascinating book about how to use amateur knowledge to make winning stock purchases. A highly recommeneded must-read for anyone planning to invest in stocks. It is also a great reference as Lynch goes over important stock numbers and gives good advice. The only downside is that the book can be tiresome with his many recounts of stock purchases he's made.
Review by tursach_anam
The perspective given in this book comes from someone who's been involved for a great number of years in picking stocks for Fidelity Mutual. It offers a lot of caution, while at the same time pointing out that practically anyone can beat the picks of wall street. His rationale is that fund managers and the like are constrained by a variety of rules that practically guarantee that the hot stock they pick has already had its largest gain. Only individuals can spot a potentially hot stock and have the freedom to invest. At the same time, he offers a lot of advice on avoiding common investing mistakes. The book is nothing earth-shattering, but it does provide good words of wisdom that I found very useful.
Review by ZoharLaor
This is a short book, but long on advice even, and especially, after the financial meltdown. It took me about 40 - 45 minutes to go through the book, but I'll read it again tomorrow and maybe again next week allowing the content to set in. The book is a fun read and gives novices, such as myself, some basic fundamentals and concepts before we rush in (again) to lose our money (again) while the big boys rake all the profits (again) in the casino we all know as the stock market. There is no specific advice in this book other than to spend as much time researching a stock as you would buying a new refrigerator; however I found the general concepts interesting and informative. But reader beware, even though the book is short Lynch does get the point across that choosing your own stocks is and making money is a combination of perspiration and luck. I've made the mistake of rushing in to buy a certain stock that was "hot", sometimes it worked out but mostly I lost money.
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