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121 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
121 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
well, the examples may have become old in this book but it is one of the most practical book I have read on investing and that can be really helpful for retail investors
informative
inspiring
lighthearted
medium-paced
informative
reflective
medium-paced
funny
informative
I really enjoyed this book and I found it easy to read and understand. I think a lot of what is talked about in this book can still be applied today when it comes to buying stocks. Granted, this book is probably geared toward long-term holds of micro, small, and mid-cap stocks. Though the overall message being - retail investors have an opportunity to react quicker, in some cases, than large investment firms, who are often burdened with various restrictions on what they can and can’t buy.
One lesson I enjoyed in particular being watch where the public interest is - What comes to mind is when I noticed people started getting the Monster Energy Drinks logo tattooed on them back in 2008 - 2009. Or when the iPhone was released and everybody had to get one. Both stocks have been 24 -baggers since.
One lesson I enjoyed in particular being watch where the public interest is - What comes to mind is when I noticed people started getting the Monster Energy Drinks logo tattooed on them back in 2008 - 2009. Or when the iPhone was released and everybody had to get one. Both stocks have been 24 -baggers since.
informative
medium-paced
informative
reflective
medium-paced
Like Lynch, I would avoid frilly nonsense and come straight to the point that the book does precisely what it promises. It poses a lot of confidence in an ordinary investor's intellect over those professional 'market seers'. It's frank in tone and fairly well written to be understood comfortably even for people who are not from the background of market & finance.
First, what's good. Lynch has a long experience in running one of the most successful equity funds in the financial world, for multiple decades, and this surely means that the guy knows what he is talking about. He uses an easy conversational style and effectively uses wit and sarcasm at places, preventing the activity of reading a 'financial book' from becoming a morose affair. The book is loaded with tons and tons of examples, and easy to understand contextual graphs which are appropriately annotated.
I have always been a 'market-skeptic' in the sense that I found it difficult to distinguish between stock-investing and betting. Lynch very clearly explicates the difference between the two. His grasp of the subject and a phenomenal clarity as to what exactly one should go in an equity market for inspires you to hear him out. Lynch practically explicates business performance parameters of market relevance with possible exceptional situations, and bursts several myths associated with the same.
I was listening to an episode on the Joe Rogan podcast when Naval Ravikant came on as a guest. He propounded that to build wealth, one must own an enterprise - either through proprietorship, or through investing in equities. The way Lynch takes the endeavor of investing, thoroughly complements that. He is not talking about simply putting in money in stocks and hold breath while looking at the ticker hoping for a serendipitous multiplier effect; he is talking about putting in time and effort to understand and then support a promising business and growing along with it. And that is what differentiates investing from betting.
Lynch is clearly a conservative in money matters, and I can understand his consequential aversion to the novel, but radical instruments of futures and options. Where Lynch falters as per me, is regarding his opinion on short-selling of the stocks. I found it amusing how he totally discards the possibility of having an equal amount of analysis in spotting a falling business venture (and making money out of the opportunity) as in the case of a surging one. Because the underlying logic would be the same, as would be the exceptions, and hence the opportunity or the lack of it.
Nevertheless, this is a phenomenal read for anyone who is interested in no nonsense primer on equity investing and staying invested for medium to long term.
First, what's good. Lynch has a long experience in running one of the most successful equity funds in the financial world, for multiple decades, and this surely means that the guy knows what he is talking about. He uses an easy conversational style and effectively uses wit and sarcasm at places, preventing the activity of reading a 'financial book' from becoming a morose affair. The book is loaded with tons and tons of examples, and easy to understand contextual graphs which are appropriately annotated.
I have always been a 'market-skeptic' in the sense that I found it difficult to distinguish between stock-investing and betting. Lynch very clearly explicates the difference between the two. His grasp of the subject and a phenomenal clarity as to what exactly one should go in an equity market for inspires you to hear him out. Lynch practically explicates business performance parameters of market relevance with possible exceptional situations, and bursts several myths associated with the same.
I was listening to an episode on the Joe Rogan podcast when Naval Ravikant came on as a guest. He propounded that to build wealth, one must own an enterprise - either through proprietorship, or through investing in equities. The way Lynch takes the endeavor of investing, thoroughly complements that. He is not talking about simply putting in money in stocks and hold breath while looking at the ticker hoping for a serendipitous multiplier effect; he is talking about putting in time and effort to understand and then support a promising business and growing along with it. And that is what differentiates investing from betting.
Lynch is clearly a conservative in money matters, and I can understand his consequential aversion to the novel, but radical instruments of futures and options. Where Lynch falters as per me, is regarding his opinion on short-selling of the stocks. I found it amusing how he totally discards the possibility of having an equal amount of analysis in spotting a falling business venture (and making money out of the opportunity) as in the case of a surging one. Because the underlying logic would be the same, as would be the exceptions, and hence the opportunity or the lack of it.
Nevertheless, this is a phenomenal read for anyone who is interested in no nonsense primer on equity investing and staying invested for medium to long term.