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One Up On Wall Street: How To Use What You Already Know To Make Money In The Market Paperback – Apr 3 2000
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Anise C. Wallace The New York Times Mr. Lynch's investment record puts him in a league by himself.
From the Back Cover
THE NATIONAL BESTSELLING BOOK THAT EVERY INVESTOR SHOULD OWN
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 aboutinterest 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.See all Product Description
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Top Customer Reviews
Peter Lynch does not give you a mechanical, step-by-step process to pick the winners, but his stories give you an insight into how he thinks, and learning to think like Peter Lynch is bound to help you become a better stock picker.
Mr. Lynch does not promise that you will get rich by picking a quick series of ten-baggers. He makes it clear, I think, that investing in individual stocks is not meant for those people who don't have a strong stomach and are not good at doing research.
Mr. Lynch recognizes that for many people their best investment, in the end, turns out to be their home. His view of the investment world is broader than that of many other stock market experts.
P.S. An additional caution of the risks involved in picking individual stocks to invest in: A long time after Peter Lynch wrote this book, I read that he lost a significant amount of money by investing in an upscale carpet business that did not pan out as anticipated. Even the greatest track record does not guarantee future results. So beware! No matter how good you are, and how strong your stomach is, you will have to absorb some big losses sooner or later. Peter Lynch did.
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.
I bought this book few years ago directly from the book store, I have read the book few times as a bible and now, I bought it for two friends of mine as a gift.
It will help any kind of investor for the simple reason that Peter Lynch describes the investing approaches used by him during his time as a portfolio manager of Magellan fund in a very simple and understandable manner without getting too much into financial details, but just to the level to help to understand the most important criteria for finding good companies that will likely outperform the market and thus to mitigate the risk of losing money investing in a low quality but probably highly advertised companies.
One of the things I liked the most in his book was that he shows finding good companies in a bit different prospective where the most important factor is not the professional financial skill set but rather the good sense and sound judgment that could easily be quantified with supporting financial data.
Another thing I liked also was that unlike many other authors, Peter Lynch separated the stocks into different groups and hence he showed every group characteristic, stock selecting criteria, price target, management in the portfolio, etc.
Based on the book and according to his different groups stock finding criteria, I was able to build my own stock searching screeners, and surprisingly for me, a lot of the stocks I have been finding, are very high quality stocks in terms of profitability, low debt, available cash, earnings etc.Read more ›
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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Most recent customer reviews
Excellent book. Peter lynch books are always practical and honest showing triumphs and mistakesPublished 6 months ago by T Chung
Simple, easy to understand book for any investor. Theories to inspire anyone to think about the stock market.Published 6 months ago by Eric
Un excellent livre sur l'art et la science de l'investissement en bourse. M. Lynch propose différentes façons d'évaluer la qualité d'une compagnie. Read morePublished 7 months ago by David
Best investing book I've ever read! I read it years ago and I constantly go back and use so many of Lynch's ideas for my own investments. Read morePublished 7 months ago by Largecoffee
First book I have ever read about stock investing and this is the perfect read for people dipping their toes into investing. Read morePublished 8 months ago by Emory Liu
This book gives you all of the tools you need to become a successful investor.Published 9 months ago by Darrell Cotton
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