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Loading... One Up On Wall Street : How To Use What You Already Know To Make Money In…by Peter Lynch
Great advice and insightful - I woul recommnd ads it has very "real" advice. I can see why it is a favurite- uncomplicated and targets the early investor. no bells and whistles. I recommend this as a entry level read(to be recisited later after you have tried the rest and need to reset the compass. 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. Good introduction on investing that shows that even lay folks like myself have a chance to do reasonably well. 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. This is a classic guide on how to invest for value in the stock market. There are many pretenders, but few can match Peter Lynch's brilliant performance of consistently returning more than 18% per year with the Fidelity Magellan fund he managed. His no-nonsense, avoid-the-hype approach is very clearly explained in this straightforward guide. 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." 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. |
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