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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!
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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. 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 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.
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. Peter Lynch does such a great job explaining how you do not have to work on Wall Street to be successful in the stock market. One Up on Wall Street provides a great overall foundation for investing and how people can utilize companies they know/understand and products they use and enjoy to make successful investments before the stock catches the attention of the large institutional investors. Lynch stated you only have to be right six out of ten times to be successful in the stock market, and a Peter Lynch does such a great job explaining how you do not have to work on Wall Street to be successful in the stock market.
One Up on Wall Street provides a great overall foundation for investing and how people can utilize companies they know/understand and products they use and enjoy to make successful investments before the stock catches the attention of the large institutional investors. Lynch stated you only have to be right six out of ten times to be successful in the stock market, and a tenbagger (stock price grows 1000%) can make someone’s career. Lynch also believed there is a lot of noise with investing, and people put too much effort in the wrong areas. He did not like the most popular or pretty stocks, instead he liked good, boring companies that will consistently produce cash flow and grow immensely in the long term. I liked hearing how Peter Lynch takes everyday undervalued companies that are commonly used, not just talked about, and studies to see how fundamentally sound they are to invest in. Lynch does not believe in getting caught up in daily stock prices, he sought after undervalued companies that are consistently growing for 5-10 years. Lynch is a prominent GARP investor seeking rapid company growth at very reasonable prices.
His amazing track record speaks for itself as he outperformed all other fund managers consistently for over two decades. Peter Lynch offers a lot of very beneficial investing advice in this book and it will be very educational for anybody wanting to get involved in the stock market. I really enjoyed reading One Up on Wall Street and recommend it to all investors. Note: This review appeared in a financial newsletter I contributed to. It follows the review for Beating the Street which you may want to read first. In our last issue I introduced you to Peter Lynch, the dynamic former portfolio manager for the spectacularly successful Fidelity Magellan Mutual Fund in the United States. And we introduced you to some of Lynch’s ideas and beliefs, most importantly his view that any reasonably intelligent person can beat the average Wall Street expert.
In fact, Lyn Note: This review appeared in a financial newsletter I contributed to. It follows the review for Beating the Street which you may want to read first. In our last issue I introduced you to Peter Lynch, the dynamic former portfolio manager for the spectacularly successful Fidelity Magellan Mutual Fund in the United States.
And we introduced you to some of Lynch’s ideas and beliefs, most importantly his view that any reasonably intelligent person can beat the average Wall Street expert. In fact, Lynch believes the individual investor actually has an advantage over the Wall Street fund manager because he’s not tied down because of company politics. For example, the average portfolio manager would rather put a fund’s money in a stalwart like Microsoft rather than in a highly profitable upstart in an obscure industry that nobody’s even heard of yet.
As Lynch explains it, suppose this upstart takes a turn for the worse before it takes off for the stratosphere. The portfolio manager is immediately called on the carpet to explain why he picked this weird stock no one has heard of. A few incidents like that and the portfolio manager decides no more off-beat potential winners for him. He’ll revert to group think believing it’s “safer to pick companies in a crowd.” Not safer for the portfolio but safer for him.
The individual investor doesn’t have to explain himself to anyone. He is free to think independently and act on his judgment without fear. The second idea of Lynch’s I mentioned was that the best investment ideas are often sitting in your own backyard. Often investing in the things we observe around us that are becoming increasingly popular are also good investments, and we as consumers, often notice these things before the Wall Street professional does. Lynch discovered Hanes Hosiery for his fund because his wife kept buying L’eggs pantyhose.
Hanes was an obscure company nobody had ever heard of at the time. But Lynch goes way beyond those two great ideas in his book.
He gives you a step by step guide to picking winning stocks. He discusses the different kinds of stocks, the slow growers, the stalwarts, the turnarounds, the cyclicals, the asset plays and the fast growers. And he discusses the numbers game.
He discusses the importance of earnings, earnings growth, manageable debt, the price to earnings ratio, and so on. And he explains these things in an easy to read, easy to understand way.
He doesn’t get all high-falutin’ technical on you. Well, consider that his next book featured the exploits of a Grade 7 social studies class who used this book as a guide to putting together a fourteen stock portfolio. As I noted in the last issue, in two years the class’s portfolio made a 70% gain, far surpassing the S&P 500 Index which only returned 26%. Hey, if Grade Sevens can understand and profit from this book, you probably can too! One of the things I especially like about Lynch is his sense of humor.
He pokes fun at Wall Street foibles and comes up with some pretty strange and off-beat ideas on stock picking. One of them is his aversion to technology stocks.
He likes the meat and potatoes world and would rather invest in something simple that is easy to understand than something complex and technical. In a chapter called The Perfect Stock, What a Deal! He discusses the thirteen things he thinks makes for a good stock to invest in.
The first is “It sounds dull, or even better, ridiculous.” What a strange notion for finding a good stock. He discovered that a lot of winning stocks have pretty ordinary or even ridiculous names. He says everybody at a party may talk about the latest tech darling, GeneSplice International, for example, when the real winners are Bob Evans Farms or The Pep Boys – Manny, Joe and Jack. These are old examples but one I came across recently that fits this pattern is an outfit called Florida Rock. It makes cement. Number 2 on his list is “it does something dull”, or even better, number 3 it does something disgusting.
He mentions a company that washes greasy auto parts. How gross is that? But the company he mentions was a huge winner for his fund. Other factors include spinoffs, ignored by institutions and analysts, it’s rumored to be involved with toxic waste or the mafia, there’s something depressing about it, it has a niche in a no-growth industry, people have to keep using the products, it uses technology (note: not companies that make technology but companies that use it effectively), insiders are buying and the company is buying back its own shares. In the updated 2000 edition, Lynch admits his technophobia caused him to miss out on the computer and Internet boom. He missed Microsoft and Cisco as well as Yahoo and other Internet stocks.
But he uses these as examples of stocks the average person can discover in his own back yard. Any one who went and bought a computer in the 90s could have noticed that nearly all of them had a little sticker that said Intel Inside. Wasn’t that a clue that Intel was a great stock? Or that nearly every computer had a Microsoft operating system.
Wasn’t that a clue that Microsoft was a great buy? Just as today, every net savvy kid could have noticed that Google was the hottest thing since sliced bread. Everyone uses it. And Google has doubled since it IPOed last year. One Up On Wall Street by John Rothchild was a great read about how to improve and increase your knowledge when it comes to the stock market and investment everywhere. It tells about where to how to effectively buy stocks and he gives lots of personal stories and descriptions of his process of making these investments.
Along with the advice on how to invest he explains some of the systems in place. These include what you are actually buying when you purchase stock. This is a stake in the company One Up On Wall Street by John Rothchild was a great read about how to improve and increase your knowledge when it comes to the stock market and investment everywhere. It tells about where to how to effectively buy stocks and he gives lots of personal stories and descriptions of his process of making these investments. Along with the advice on how to invest he explains some of the systems in place. These include what you are actually buying when you purchase stock. This is a stake in the company and buy buying stock you actually have a small or large ownership of the company.
Another thing that he talks about is the mistakes that others have made during investment and common mistakes that people make. These are some of the many pieces of material that are shown in this book. John gave three main tips and advice to follow when you invest on Wall Street.
The first is not to panic with a fluctuation market and you don't want to sell your stock in the downs of these fluctuations ever. Another piece of advice is that anyone can purchase stocks not just the rich or people in powerful positions. Lastly everyday decisions should inform investment decisions because these little changes in the market can affect the stocks of a company immensely. These are the keys that John Rothchild illustrates in his book. I thought that this was a great informative book that will hopefully help my financial decisions in the future and can change my thoughts on the market place.
These tip shown above should help me along with all of the examples shown in this book. This book also shows how an average person like me could earn just as much money as the pros can and this book shows me how and why I can do this. I really enjoyed this book and thought it was a good easy read.
More like a history of companies and stocks that performed well over Mr. Lynch's career (companies can do well when their stocks don't, and vice versa). What I find particularly interesting about Mr.
Lynch is how little he talks about price, and how much he talks about underlying business prospects. He goes in to asset plays (if the cash minus liabilities is worth more than what it's selling for) and classifies companies in to six different categories (slow growers, stalwarts (aka me Pretty good! More like a history of companies and stocks that performed well over Mr. Lynch's career (companies can do well when their stocks don't, and vice versa). What I find particularly interesting about Mr. Lynch is how little he talks about price, and how much he talks about underlying business prospects. He goes in to asset plays (if the cash minus liabilities is worth more than what it's selling for) and classifies companies in to six different categories (slow growers, stalwarts (aka medium growers), fast growers, turnarounds, asset plays, and cyclicals.
I was quite surprised how little Mr. Lynch spoke about the price of companies, except for those in asset plays, instead he spoke a LOT about stock charts and price movements. I was also quite surprised when he talked about owning more than 1000 different stocks regularly. Well, I suppose if you own 1000 stocks you can write a book about ones that went up 100 fold ('100 baggers') because by chance you'll find some, but it is quite clear that Mr. Lynch's fund has done supremely well over the years. Lynch surely had some luck on his side - mutual funds were growing in popularity at a ridiculous rate - but nonetheless he is a skilled man.
I have this feeling there is something more behind his success that is beyond this book. Nonetheless, I'm very glad I read this book and learned about Peter Lynch and business! More like a 3.7/5. It's an exceptional book if it's the first one your reading on investing. But for someone who has read other material such as by Ben Graham will find a good part of this book rudimentary. The book is divided into 3 parts, the 1st part is essentially very basic. I actually would have preferred it as my introduction to investment material.
The 2nd part does a good job of providing for ways in which investment potentials can be classified. Finally, the 3rd part does a good job of More like a 3.7/5. It's an exceptional book if it's the first one your reading on investing. But for someone who has read other material such as by Ben Graham will find a good part of this book rudimentary. The book is divided into 3 parts, the 1st part is essentially very basic. I actually would have preferred it as my introduction to investment material. The 2nd part does a good job of providing for ways in which investment potentials can be classified.
Finally, the 3rd part does a good job of talking about company fundamentals and market psychology to some extant. I was concerned with some parts not explaining the side-effects or weaknesses of certain approaches. For example, Peter is a big proponent of insiders buying shares in their own company. But anyone that has read Poor Charlies Almanack will know that occasionally, insiders buy shares for temporary profits (by creating speculative enthusiasm and messing with the accounting) and then leave before the price plummets. I'm sure Peter knew this, but I feel it is important for the reader to know why the insiders ought to have held the stock even when significant advances have been made, and that the stock has been held for a long period of time. However, for companies classified as fast growers, the time frame required to assess the genuine belief in the management of the company is not available. Anyway, it is still a good book, and I recommend it to anyone that's interested in investing.
A good beginners guide from the 'greatest Mutual fund manager ' peter lynch. It gives amateurs the confidence that we can play the market and beat the odds. My favorite quotes are 1. Investing without research is playing a stud poker and never looking at the cards. 2.Only invest what you could afford to lose without that loss having any effect on your daily life in the foreseeable future.
When you pick your own stocks, you ought to outperform the experts. Otherwise, why bother? He categorizes sto A good beginners guide from the 'greatest Mutual fund manager ' peter lynch. It gives amateurs the confidence that we can play the market and beat the odds. My favorite quotes are 1. Investing without research is playing a stud poker and never looking at the cards. 2.Only invest what you could afford to lose without that loss having any effect on your daily life in the foreseeable future.
When you pick your own stocks, you ought to outperform the experts. Otherwise, why bother? He categorizes stocks into 6 types.
The Slow growers, The stalwarts, The fast growers, Cyclicals, Turn arounds, and asset plays. It is easy to follow his description and look at stocks and companies through the categories. Other things we can learn is 1. Index funds have typical annual return of 9-10%.
If we dont want to play the market, it is better to invest in Mutual and Index funds and let it do the work. We can expect 15-20% annual return from the stocks that we picked after research, but beyond 30%, is too much to expect. If you invest $1000 the limit to your loss is only $1000. But the gain can be limitless.
Thats the advantage of picking right companies and stocks. The incredible ease with which one can read this book meant that it far outpaced the Buffett biography. It's basically cliff notes for how to assess various stocks. He explains fundamentals like p/e ratio and market cap and tells you what to look for when considering adding a company to your portfolio. As I mentioned, it is dated -- he comments on the trendiness of acid wash jeans and the absolute strength of the newspaper industry and GE. But that almost makes the book's lessons more valuable. The incredible ease with which one can read this book meant that it far outpaced the Buffett biography.
It's basically cliff notes for how to assess various stocks. He explains fundamentals like p/e ratio and market cap and tells you what to look for when considering adding a company to your portfolio.
As I mentioned, it is dated -- he comments on the trendiness of acid wash jeans and the absolute strength of the newspaper industry and GE. But that almost makes the book's lessons more valuable. This dated-ness demonstrates how nothing is a sure thing for too long. Mostly, this book provides 'homespun' wisdom, and suggestions for how to put your own experiences as a consumer to work in the market. I enjoyed it immensely and have no doubt I will benefit from its lessons. ************ This reads ridiculously easy and is quite straightforward.
Though a bit dated (it was written shortly after the '87 crash) the lessons Lynch imparts seem timely enough. It seems this will make a good companion read to the Buffett bio. A fantastic history book. A fund manager who rode the massive bull of the US until the 90s. Odd notes such as: 1400 stocks in his portfolio, the whipsaw moves of Mr. Market in the 70s, Candid disclosures of some of his many mistakes How to hold on to the 'multibagger' The power of growth Brilliant tables of quality and crap companies moving wildly because of mr.
Market - and one could picture how difficult it would have been to keep one's head while everyone was losing theirs Doesnt write much about p A fantastic history book. A fund manager who rode the massive bull of the US until the 90s. Odd notes such as: 1400 stocks in his portfolio, the whipsaw moves of Mr. Market in the 70s, Candid disclosures of some of his many mistakes How to hold on to the 'multibagger' The power of growth Brilliant tables of quality and crap companies moving wildly because of mr. Peter Lynch was the manager of the phenomenally successful (on his watch) Fidelity Magellan Fund, thus becoming a legendary figure on Wall Street.
What he achieved is out of reach of everyone else but the methods he espouses here, and which contributed to his success, are not. Two characteristics underpin people who 'make it' through investing: they simplify and they focus with the former as indispensible as the latter. Lynch hasn't written a How-to-Become-Peter-Lynch book but you only really ne Peter Lynch was the manager of the phenomenally successful (on his watch) Fidelity Magellan Fund, thus becoming a legendary figure on Wall Street. What he achieved is out of reach of everyone else but the methods he espouses here, and which contributed to his success, are not.
Two characteristics underpin people who 'make it' through investing: they simplify and they focus with the former as indispensible as the latter. Lynch hasn't written a How-to-Become-Peter-Lynch book but you only really need to do better than the average investor to be a standout. If you are interested in investing and aren't already a stock analysis geek you'll enjoy this book and probably get something out of it. It's well written, well organized and easy to read. If you're looking for a casual read I'll say that this one will not scratch that itch.
A wonderful read! I expected this to be akin to Rich Dad Poor Dad based on the cover's claim that you could use what you already know to make money in the market but was pleasantly surprised. Lynch classifies stocks in six main categories of his own invention and tells you of his personal experiences throughout. Buku Biologi Kelas Xi Erlangga Pdf. He warns of the perils of overpaying for an investment, the flaws in the human condition that makes for bad investing decisions (in The Mirror Test), and also warns of the potential A wonderful read!
I expected this to be akin to Rich Dad Poor Dad based on the cover's claim that you could use what you already know to make money in the market but was pleasantly surprised. Lynch classifies stocks in six main categories of his own invention and tells you of his personal experiences throughout. He warns of the perils of overpaying for an investment, the flaws in the human condition that makes for bad investing decisions (in The Mirror Test), and also warns of the potential surprises you may encounter when buying companies purely because of good book value, etc. He seems to be of the 'tire kicking' breed of investor; one who inspects the company they would invest in, in both a physical and fundamental manner, and is very close to my heart for doing so.
Would gladly read another book written by this mutual fund rockstar!: ). This was an all round excellent book. To begin with, I found the book funny and highly educational. Lynch's personal mistakes are disclosed in a candid manner and you end up learning quite a lot about what kind of opportunities or red flags you could be sitting on yourself. In fact, as opposed to what numerous others are saying about this book being focused too much on Lynch's personal style, in my humble opinion, I believe that his wisdom is still very much relevant in today's market, particula This was an all round excellent book. To begin with, I found the book funny and highly educational. Lynch's personal mistakes are disclosed in a candid manner and you end up learning quite a lot about what kind of opportunities or red flags you could be sitting on yourself.
In fact, as opposed to what numerous others are saying about this book being focused too much on Lynch's personal style, in my humble opinion, I believe that his wisdom is still very much relevant in today's market, particularly his main focus of buying what you know. In closing, I highly recommend this book to anyone who is interested in it. You will find the book entertaining rather than dry and monotonous, which is excellent considering the topic this book is written on. Peter Lynch in his book 'One Up On Wall Street' gives sounding advice on how to pick stocks, differences between companies and how not to fall under the influence of the ever-fluctuating market. A must read for everyone that plans or is involved in trading stocks regardless of the level of experience. Lynch also reminds us of all his failures and successes in picking stocks and how to avoid the same mistakes he and everyone else does. There is even a section in the book with a tldr (too long, di Peter Lynch in his book 'One Up On Wall Street' gives sounding advice on how to pick stocks, differences between companies and how not to fall under the influence of the ever-fluctuating market.
A must read for everyone that plans or is involved in trading stocks regardless of the level of experience. Lynch also reminds us of all his failures and successes in picking stocks and how to avoid the same mistakes he and everyone else does. There is even a section in the book with a tldr (too long, didn't read) part with simple advices on how to pick and choose stocks depending on the type of industry or company. For what it's worth, I did enjoy learning new things about stocks I didn't know before. Until they were repeated again and again. I understand, Lynch is writing to a large audience, some who don't pick up a message without its repetition, so for me hearing 'trust your instincts; don't buy what's too good to be true!' , it sounded like a very broken record.
At some parts of the book, it became a strain for me to read because of how many times he'd say the same damn thing over and over again with For what it's worth, I did enjoy learning new things about stocks I didn't know before. Until they were repeated again and again. I understand, Lynch is writing to a large audience, some who don't pick up a message without its repetition, so for me hearing 'trust your instincts; don't buy what's too good to be true!' , it sounded like a very broken record. At some parts of the book, it became a strain for me to read because of how many times he'd say the same damn thing over and over again with numerous examples.
But I did carry away some new knowledge after finishing the book, so it's not all bad. I'd say nice book, the author has used easy-to-understand words and I like that. It allows non-experience users to easily access to what he's discussing. However, I suggest readers to have to some what a little experience in trading. So that you understand and follow what he's discussing. I'm doing my 2nd time reading right now.
I've felt that I read it too fast in my first run. So, I want to do it again to extract as much as possible from this book because I found this book to be very useful es I'd say nice book, the author has used easy-to-understand words and I like that. It allows non-experience users to easily access to what he's discussing. However, I suggest readers to have to some what a little experience in trading.
So that you understand and follow what he's discussing. I'm doing my 2nd time reading right now. I've felt that I read it too fast in my first run.
So, I want to do it again to extract as much as possible from this book because I found this book to be very useful especially that calculation of finding a good stock with strong fundamental. And yes, this book is all about long-term investment. So, I kind of like it. A wonderful example of a practical investing book.
I can normally judge an investing book by how many paragraphs and key sentences that I highlight, and this book is now extensively marked! I would highly recommend this book to all levels of investor.
Firstly, it contains many lessons learned from someone with an amazing investment track record, but who isn't afraid to admit and learn from his mistakes. Secondly, it is written in a language that anyone can relate to and the examples, albeit US fo A wonderful example of a practical investing book. I can normally judge an investing book by how many paragraphs and key sentences that I highlight, and this book is now extensively marked! I would highly recommend this book to all levels of investor. Firstly, it contains many lessons learned from someone with an amazing investment track record, but who isn't afraid to admit and learn from his mistakes.
Secondly, it is written in a language that anyone can relate to and the examples, albeit US focussed, are timeless. I will be re-reading this one many times, just to make sure I commit it to mind next time I'm analysing a stock to purchase. This is definitely a worthwhile book if you're into investing in the stock market. The bottom line is that you have to be willing to put in some time and effort if you can expect to make money. If you're not willing to put in the effort then mutual funds are for you.
This book resonated with me because as I looked over my portfolio I realized that the one stock pick I've made that has done really well for me (Tucows-the parent company of Ting) was made for exactly the reasons that Peter Lynch adv This is definitely a worthwhile book if you're into investing in the stock market. The bottom line is that you have to be willing to put in some time and effort if you can expect to make money. If you're not willing to put in the effort then mutual funds are for you.
This book resonated with me because as I looked over my portfolio I realized that the one stock pick I've made that has done really well for me (Tucows-the parent company of Ting) was made for exactly the reasons that Peter Lynch advocates. I have decided to fundamentally change how I navigate my portfolio and if it goes up I'll change my review to 5 stars. This book is a easy read which you can breeze through on a weekend, which is what I did.
This book explains stock picking, the ways which he uses and what an average investor can do. That was the biggest high- point that it appeals to anyone who is an investor with no particular business background. He explains the common pitfalls and how one can build their portfolio. Do give it a read. This book may start out as any other book about investing but goes into investor behavior and investing techni This book is a easy read which you can breeze through on a weekend, which is what I did. This book explains stock picking, the ways which he uses and what an average investor can do. That was the biggest high- point that it appeals to anyone who is an investor with no particular business background.
He explains the common pitfalls and how one can build their portfolio. Do give it a read. This book may start out as any other book about investing but goes into investor behavior and investing techniques which I think are quite useful. 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. Best Soundfonts Sf2 there. , 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.