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Theories on invseting,
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.
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