This article was originally published in June 2012. I was re-reading Lynch's book and thought of re-publishing these amazing lessons again. Apart from Benjamin Graham's The Intelligent Investor, there is no better book to get started for beginners than Peter Lynch's One Up On Wall Street. The easy-going. One Up On Wall Street by Peter Lynch, 400, download free ebooks, Download free PDF EPUB ebook.
More than one million copies have been sold of this seminal book on investing in which legendary mutual-fund manager Peter Lynch explains the advantages that average investors have over professionals and how they can use these advantages to achieve financial success. America’s most successful money manager tells how average investors can beat the pros by using what they know. According to Lynch, investment opportunities are everywhere. From the supermarket to the workplace, we encounter products and services all day long. By paying attention to the best ones, we can find companies in which to invest before the professional analysts discover them.
When investors get in early, they can find the “tenbaggers,” the stocks that appreciate tenfold from the initial investment. A few tenbaggers will turn an average stock portfolio into a star performer. Lynch offers easy-to-follow advice for sorting out the long shots from the no-shots by reviewing a company’s financial statements and knowing which numbers really count. He offers guidelines for investing in cyclical, turnaround, and fast-growing companies. As long as you invest for the long term, Lynch says, your portfolio can reward you. This timeless advice has made One Up on Wall Street a #1 bestseller and a classic book of investment know-how.
While this is a good read, it's specific to Peter Lynch's personal investing style and dated enough that it's not entirely applicable anymore, so it is better read as a history or biography of Lynch's investing style than a guide on how to make personal investment decisions today. There's a forward written in 2000 in which Lynch provides one update to his material, but there should have been many more (such as noting what kinds of company information is no longer allowed to be provided only to i While this is a good read, it's specific to Peter Lynch's personal investing style and dated enough that it's not entirely applicable anymore, so it is better read as a history or biography of Lynch's investing style than a guide on how to make personal investment decisions today.
There's a forward written in 2000 in which Lynch provides one update to his material, but there should have been many more (such as noting what kinds of company information is no longer allowed to be provided only to individuals). In addition, Lynch's poor grasp of basic computer knowledge is embarrassing, even for 2000. Although you can get extremely similar advice from other sources (Lynch is a value investor straight out of, much like Warren Buffett), the advice is still good where you get it: 1) When you buy stock, you are purchasing part ownership in a company and your investing decisions should be made with a focus solely on the value of the company and its business, and not on the movement or price of its stock. 2) That said, you should only buy stock when the price is supported by the value of the company behind it. 3) (Lynch's personal touch) The everyday experiences you have with a company should inform your investing decisions. When you like a company's products and everyone else seems to also, that company makes a good target for investigation for.possible. investment.
AFTER you have verified the value of the underlying business. Conversely, if a business that seems to be doing great but you don't like its products or services and many others agree with you, maybe you should avoid it - the business may be about to tank. I still remember reading a blurb from this book in a magazine when I was 12, about how Lynch should have invested in Hanes when his wife came home from the grocery store having bought the new L'Eggs hose because the quality of the product was good and the delivery mechanism (a grocery store) was way better than the traditional department store. I've always wondered where that blurb came from, and now I've finally read it from the source. That's one more childhood memory reconciled with the larger world! Dear reader, well, hello!
Do you like my suit? I like yours! Where'd you get it?! Well, today i am dressed up like a business man because we are going to be reviewing a real business man's book!
Yep, you guessed it, you wily little bitch, that business man is the great peter lynch, not to be confused with the act of lynching which was a form of extreme racism that took place throughout the south during the early years of the civil rights movement! REVIEW: main position: many people dear reader, well, hello! Do you like my suit? I like yours! Where'd you get it?! Well, today i am dressed up like a business man because we are going to be reviewing a real business man's book! Yep, you guessed it, you wily little bitch, that business man is the great peter lynch, not to be confused with the act of lynching which was a form of extreme racism that took place throughout the south during the early years of the civil rights movement!
REVIEW: main position: many people think that it's impossible for an average individual to compete on wall street against huge and infinitely resourced companies. Lynch rejects this assumption, and posits the opposite: the average person actually has an advantage, since it is she who is in constant contact with the everyday representation of a stock's products.
Examples: lynch took a large long position in the Gap after his wife and all her girlfriends fell in love with it. Made a fortune. Also took a large long position in hanes, the company behind L'eggs, again on his wife's advance, made money. Examples abound in this book: la quinta motor inns, taco bell, philip morris, etc. All companies that would have led to a 10, sometimes 20 fold return on your initial investment. His advice: invest fundamentally, due diligence, invest in what you know, don't invest in what's hot, don't believe the professionals, get over your emotions, invest for the long-term. VERDICT: man the 80's were FUCKING CRAZY.
Regular re-read (every 5-10 years) of one of my two favorite investment books. (The other one is by the same author.). Peter Lynch was the greatest mutual fund investor of all time growing his Magellan fund to over $1 billion. His investment style is a combination of growth and value investing, so called GARP-growth at a reasonable price. While he made most of the money in big cap stocks like Wal-Mart or turnarounds like Volvo, Ford and Chrysler, he loved investing in small caps.
This book cove Regular re-read (every 5-10 years) of one of my two favorite investment books. (The other one is by the same author.). Peter Lynch was the greatest mutual fund investor of all time growing his Magellan fund to over $1 billion.
His investment style is a combination of growth and value investing, so called GARP-growth at a reasonable price. While he made most of the money in big cap stocks like Wal-Mart or turnarounds like Volvo, Ford and Chrysler, he loved investing in small caps. This book covers it all. It's the most practical book on investing and the smartest. (His initial advice, by the way, is: before investing in stocks, buy a house. You'll see.) Whether you like growth or value, small or big caps, this book will be useful. I originally picked this book because after I read a lot about Warren Buffett's investing I decided to see other people's style.
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This was a good read but it was specific to Lynch's style so it was not applicable to today's investment decisions. Peter describes how he came about developing his strategy for success.
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He talks about his past, his victories, and some of his failures. He describes everything that happened in an easy way to read.
Anyone, including non-financial folks, can understand t I originally picked this book because after I read a lot about Warren Buffett's investing I decided to see other people's style. This was a good read but it was specific to Lynch's style so it was not applicable to today's investment decisions. Peter describes how he came about developing his strategy for success. He talks about his past, his victories, and some of his failures. He describes everything that happened in an easy way to read.
Anyone, including non-financial folks, can understand this. The book emphasizes through numerous examples the importance of understanding the companies you invest in, picking winners, and collecting the important facts. Although some of the companies mentioned are no longer in existence, the reasoning and the thought process is as valuable as it was when the book was written.I particularly liked the list of questions to ask before buying a stock and for identifying suitable times to buy or sell a stock. 'Not all common stocks are common'(Lynch 36).
In the end this was a good read but many of the topics are outdated. This book is significant to people staring on investment because it teaches you that the average investor can get rich. This was an assigned book for my MBA class in Securities Analysis. I learned from this book that the average (non-institutional) investor can pick winning stocks with the same success as professionals can. I am unsure about this, as I am highly skeptical any investor (professional or amateur) can beat the market. As a proponent of indexing - the idea that a broadly diversified fund invested in a basket of stocks - can beat actively managed funds, I found Lynch's advice not completely believable.
This was an assigned book for my MBA class in Securities Analysis. I learned from this book that the average (non-institutional) investor can pick winning stocks with the same success as professionals can. I am unsure about this, as I am highly skeptical any investor (professional or amateur) can beat the market. As a proponent of indexing - the idea that a broadly diversified fund invested in a basket of stocks - can beat actively managed funds, I found Lynch's advice not completely believable.
Especially when Lynch admits that he's made some disastrous stock calls, but has made up for it with some equally successful picks, I found myself asking: why not just park the money in an index fund? This is one of my favorite financial advice books ever. Peter Lynch was a genius of his time. His detractors can argue the reasons WHY he was successful (luck, timing, etc.) but it is hard to argue with the fact that he was immensely successful.
In this now famous book, Peter describes how he came about developing his strategy for success. He talks about his past, his victories, and some of his failures. He describes everything that happened in an easy to read, colloquial sort of way. Anyone, inc This is one of my favorite financial advice books ever. Peter Lynch was a genius of his time. His detractors can argue the reasons WHY he was successful (luck, timing, etc.) but it is hard to argue with the fact that he was immensely successful. In this now famous book, Peter describes how he came about developing his strategy for success.
He talks about his past, his victories, and some of his failures. He describes everything that happened in an easy to read, colloquial sort of way. Anyone, including non-financially literate folks, can understand this. My background is not in financial services.
Unlike some other books, which I found difficult to follow (ex. The Intelligent Investor), this book talks about finance in a simple but erudite fashion. That way you are not bogged down by the complex verbiage. You can get the concept faster. I am still applying the tips I found in here.
PROS:. Very well written and easy for any lay person to understand. Reads like a story, goes over some of Peter's personal successes. Gives specific examples based on Peter's life experience. Describes also his failures, so it gives a balanced view. Uses common sense and explains things in ways that are logical. (For example: He points out many investors try to time the market, instead of focusing on researching companies or using knowledge that they have which gives them a personal edge.).
Timeless. There is a reason this book is consistently rated 4+ on Good Reads, Amazon, and other book reviewing sites.
It's one for the masses. CONS:. Some of the tips do require you to actually have some financial networks or resources to apply. (Nonetheless, I think this is a small issue because there is still a lot you can get out of this book from the things ordinary people could apply. If you are resourceful, you can think of ways to apply his concepts without being the VP or CEO of some financial company.) Of course, any book will only be as valuable as what you personally take out of it. If you are already a savvy financial guru, then maybe you don't need to read this. If you have read 10000 financial books, maybe this is too easy or basic for you.
If you are intimately connected with the financial sector, again, why are you reading books that are intended for the ordinary masses? This book is stellar! This is a short book, but long on advice even, and especially, after the financial meltodown. 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 speci This is a short book, but long on advice even, and especially, after the financial meltodown.
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. Peter Lynch is an American businessman and stock investor. Lynch graduated from Boston College in 1965 and earned a Master of Business Administration from the Wharton School of the University of Pennsylvania in 1968. Lynch worked at Fidelity Investments where named head of the then obscure Magellan Fund which had $18 million in assets. By the time Lynch resigned as a fund manager in 1990, the fund Peter Lynch is an American businessman and stock investor.
Lynch graduated from Boston College in 1965 and earned a Master of Business Administration from the Wharton School of the University of Pennsylvania in 1968. Lynch worked at Fidelity Investments where named head of the then obscure Magellan Fund which had $18 million in assets.
By the time Lynch resigned as a fund manager in 1990, the fund had grown to more than $14 billion in assets with more than 1,000 individual stock positions. From 1977 until 1990, the Magellan fund averaged a 29.2% return and as of 2003 had the best 20-year return of any mutual fund ever. Though he continues to work part-time as vice chairman of Fidelity Management & Research Co., the investment adviser arm of Fidelity Investments, spending most of his time mentoring young analysts, Peter Lynch focuses a great deal of time on philanthropy. He said he views philanthropy as a form of investment. He said he prefers to give money to support ideas that he thinks can spread.