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Product Details
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-- The Wall Street Journal
"The #1 money manager."
-- Time
"A witty, insightful and engaging look at the world of stock picking through the eyes of one of America's premier stock pickers."
-- Joy O. Light, professor of business administration, Harvard University
Peter Lynch is America's number-one money manager. His mantra: Average investors can become experts in their own field and can pick winning stocks as effectively as Wall Street professionals by doing just a little research.
Now, in a new introduction written specifically for this edition of One Up on Wall Street, Lynch gives his take on the incredible rise of Internet stocks, as well as a list of twenty winning companies of high-tech '90s. That many of these winners are low-tech supports his thesis that amateur investors can continue to reap exceptional rewards from mundane, easy-to-understand companies they encounter in their daily lives.
Investment opportunities abound for the layperson, Lynch says. By simply observing business developments and taking notice of your immediate world -- from the mall to the workplace -- you can discover potentially successful companies before professional analysts do. This jump on the experts is what produces "tenbaggers," the stocks that appreciate tenfold or more and turn an average stock portfolio into a star performer.
The former star manager of Fidelity's multibillion-dollar Magellan Fund, Lynch reveals how he achieved his spectacular record. Writing with John Rothchild, Lynch offers easy-to-follow directions for sorting out the long shots from the no shots by reviewing a company's financial statements and by identifying which numbers really count. He explains how to stalk tenbaggers and lays out the guidelines for investing in cyclical, turnaround, and fast-growing companies.
Lynch promises that if you ignore the ups and downs of the market and the endless speculation about interest rates, in the long term (anywhere from five to fifteen years) your portfolio will reward you. This advice has proved to be timeless and has made One Up on Wall Street a number-one bestseller. And now this classic is as valuable in the new millennium as ever.
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Most helpful customer reviews
1 of 2 people found the following review helpful
2.0 out of 5 stars
Outdated!,
This review is from: One Up On Wall Street: How To Use What You Already Know To Make Money In The Market (Paperback)
You can learn some basics from this book but you'll find yourself laughing about it's outdatedness at times! There is a comment about buying Kodak stock because sales of print film are on their way up with the introduction of small cheap cameras!!! I guess if you bought into that you would now be regretting it...The book came out in 1989 and the introduction was updated in 2000 (pre tech-stock crash!) but it could do with a BIG update in light of the last Wall Street collapse...
1 of 1 people found the following review helpful
3.0 out of 5 stars
Wall Street Memories and Advice,
By
This review is from: One Up On Wall Street: How To Use What You Already Know To Make Money In The Market (Paperback)
Peter Lynch was a star manager of Fidelity's flagship mutual fund in the late 1970s and 1980s, gaining well deserved recognition for his outstanding performance record, and even more recognition for his excellent writing. One Up On Wall Street offers an excellent, entertaining, educational tour through the very vast world of investing, always with an eye to the novice investor. Originally published in 1989, just before his retirement, one would expect many of the examples to be dated and on occasion no longer in existence, and that is true, but unfortunately some of the insight that Lynch gives and advice that he offers is also dated as the faster paced world of computers and instant information. The issue isn't that one can't substitute a computer for the reference book in Lynch's advice, rather it's that the common sense thinking and basic research is available to everyone, everywhere at all times, so much of the advice itself comes across as quaint or dated. Still, Mr. Lynch presents his advice extremely well, with interesting anecdotes, a wealth of experience, and plain language.Readers could do much worse than this as a starting point, but will want to continue on with some more up to date advice for their next book.
1 of 1 people found the following review helpful
5.0 out of 5 stars
Theories on invseting,
By Mootstreet (Vancouver, British Columbia Canada) - See all my reviews
This review is from: One Up On Wall Street: How To Use What You Already Know To Make Money In The Market (Paperback)
Peter Lynch, the legendary money manager of Fidelity Magellan Fund, shares his investing principles in this book. This book is for both casual investors and professionals because it contains many timeless investing principles.The book is divided into three sections: Preparing to Invest, Picking Winners and The Long-Term View. The second section is the most valuable one as Lynch talks about what he looks for in a great investment, as well as what to avoid. Chapter 13, Some Famous Numbers, is especially useful for novice. Lynch explains the key financial numbers/ratios and why they are important. Those are very helpful when conducting analysis of individual companies. Chapter 15, The Final Checklist, summarizes the second section. Every investor should not be buying stocks without going through the checklist. Beginners would develop many proper habits of sound investing including focusing on companies rather than stocks and separating stock tips from the tipper. It is a great book for beginners and less so for professionals because some of the things in the book are rather basic. However, investors who master these basic principles would be very well rewarded from the stock market. For more book reviews, visit www.mootstreet.com
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