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122 reviews for:
One Up on Wall Street: How to Use what You Already Know to Make Money in the Market
John Rothchild, Peter Lynch
4.06 AVERAGE
122 reviews for:
One Up on Wall Street: How to Use what You Already Know to Make Money in the Market
John Rothchild, Peter Lynch
4.06 AVERAGE
informative
medium-paced
3.5 stars
This was on okay book, it felt very biographical in the sense it detailed the choices Peter Lynch had taken with his own investments. It reiterated the idea of value investing, where you look for a company you might have an edge with and invest in when it's a smaller level to get better returns. Also, the key was to not day trade.
I appreciated the note that you can't get rich quick with investing, and to not trust anyone who advises you otherwise.
This was on okay book, it felt very biographical in the sense it detailed the choices Peter Lynch had taken with his own investments. It reiterated the idea of value investing, where you look for a company you might have an edge with and invest in when it's a smaller level to get better returns. Also, the key was to not day trade.
I appreciated the note that you can't get rich quick with investing, and to not trust anyone who advises you otherwise.
informative
medium-paced
funny
informative
inspiring
medium-paced
challenging
informative
medium-paced
funny
informative
fast-paced
challenging
informative
relaxing
medium-paced
This book is as valid today as it was 2 decades back. It teaches you a common-sensical way of investing in markets.
During covid I've picked up my interest in shares and how to make more passive income. I thought it necessary to update myself how to look for good shares. Lynch has a nice easy way of reading with a lot of interesting facts. Also really some fun parts in there, it is obvious to me that to beat the market you need to invest a lot of time in to it, so my view is most part of my portfolio stays in ETF. I'll rather spend my time in reading books.
Pretty solid book
it's a little outdated such as his thoughts on housing, dealing with brokers, and obtaining information. That's a given though since this book was written in the 1980s.
His overall philosophy for the average invester is pretty damn good though. In a way, he simplifys it a bit too much but overall it's still pretty good. Kinda motivates the reader to go out and analyze companies and beat the experts at their own game. Wish he talked more about portfolio theories though. He only briefly talks about it for maybe 20 pages? as oppose to the fundamental analysis of companies which comprises around 150+ pages. Even that, it's a little simpliefied as well but this book was before SOX legislation so I understand why he doesn't talk much about the financial analysis of companies.
Overall, pretty good. If you hold for the long term, the principles he posits are 5 star advice.
it's a little outdated such as his thoughts on housing, dealing with brokers, and obtaining information. That's a given though since this book was written in the 1980s.
His overall philosophy for the average invester is pretty damn good though. In a way, he simplifys it a bit too much but overall it's still pretty good. Kinda motivates the reader to go out and analyze companies and beat the experts at their own game. Wish he talked more about portfolio theories though. He only briefly talks about it for maybe 20 pages? as oppose to the fundamental analysis of companies which comprises around 150+ pages. Even that, it's a little simpliefied as well but this book was before SOX legislation so I understand why he doesn't talk much about the financial analysis of companies.
Overall, pretty good. If you hold for the long term, the principles he posits are 5 star advice.
A few important points from this book:
• Individual investors have an advantage over professional investors.
• Stock prices follow company earnings.
• You don't need to be right on every investment that you make.
• Market crashes are normal
• Stock picking is an art which anyone can learn.
• Stay away from 'hot picks'.
Types of companies according to Peter Lynch:
• The slow growers: These are companies that have matured but pay regular dividend.
• The stalwarts typically show 10-12 percent annual growth in earnings.
• The fast growers are aggressive new companies that grow at 20-25 percent annually.
• The cyclical companies sales and profits rise and fall in regular time intervals.
• The turnarounds are struggling companies with low or no earnings.
• The asset plays have a valuable asset, which most investors have overlooked.
His message is that if you want to create wealth then it is important to invest for the long-term and focus on the business performance and dividends of the companies you own rather than the changing stock price.
• Individual investors have an advantage over professional investors.
• Stock prices follow company earnings.
• You don't need to be right on every investment that you make.
• Market crashes are normal
• Stock picking is an art which anyone can learn.
• Stay away from 'hot picks'.
Types of companies according to Peter Lynch:
• The slow growers: These are companies that have matured but pay regular dividend.
• The stalwarts typically show 10-12 percent annual growth in earnings.
• The fast growers are aggressive new companies that grow at 20-25 percent annually.
• The cyclical companies sales and profits rise and fall in regular time intervals.
• The turnarounds are struggling companies with low or no earnings.
• The asset plays have a valuable asset, which most investors have overlooked.
His message is that if you want to create wealth then it is important to invest for the long-term and focus on the business performance and dividends of the companies you own rather than the changing stock price.