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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
inspiring
medium-paced
informative
medium-paced
Great introductory book on investment in shares. This sets a solid foundation for long term investors who may feel confused, scared or impulsive when there is an urge to buy or sell. By going through Mr Lynch's unbiased and systematic approach to select the rights companies to invest, I feel that there is definitely more clarity and confidence by the end. If you are looking for technical analysis, this is not the right book for you. One more thing to add - really enjoyed his sense of humour in illustrating his points - "a stock does not know that you own it" lol
informative
informative
medium-paced
challenging
informative
inspiring
medium-paced
"One Up On Wall Street: How to Use What You Already Know to Make Money in the Market" by Peter Lynch is a classic investment guide that has stood the test of time since its publication in 1989. Lynch, the legendary fund manager of Fidelity Magellan Fund, imparts his invaluable insights and strategies, providing a roadmap for investors to navigate the complex world of stock markets.
At the core of Lynch's approach is the idea that individual investors have a unique advantage over Wall Street professionals by leveraging their everyday experiences and observations. He encourages readers to invest in what they know and understand, emphasizing the importance of staying informed about the companies in which they invest. Lynch argues that personal familiarity with a business or industry can give investors an edge in identifying promising investment opportunities.
The book introduces the concept of "tenbaggers" — stocks that increase tenfold or more in value. Lynch shares his experiences of identifying and investing in these high-return opportunities, highlighting the importance of patience and a long-term perspective. His storytelling approach makes complex financial concepts accessible, illustrating investment principles through real-world examples and anecdotes.
Lynch's investment philosophy extends beyond numbers and financial statements. He places a significant emphasis on qualitative factors such as company culture, management quality, and growth potential. Lynch encourages investors to seek out companies with a competitive advantage, consistent earnings growth, and a clear path for future expansion.
The author also provides practical advice on portfolio management, diversification, and the psychology of investing. He addresses common pitfalls, such as the temptation to time the market or the dangers of following the crowd. Lynch's insights into market psychology and the behavioral aspects of investing contribute to the book's enduring relevance.
"One Up On Wall Street" is not only a guide to investing but also a mentorship from one of the most successful fund managers in history. Lynch's candid and approachable writing style creates a connection with readers, making the book both educational and enjoyable. His wit and humor add a human touch to the often intimidating world of finance.
While the book is accessible to novice investors, it also offers valuable lessons for seasoned professionals. Lynch's timeless advice, rooted in his experiences and successes, continues to inspire and guide generations of investors. Whether readers are looking to build a solid foundation in investing or seeking to refine their existing strategies, "One Up On Wall Street" remains an indispensable resource, providing actionable insights that withstand the ever-changing dynamics of the stock market.
Whilst the book is American equity market centric, the pointers and the information Peter Lynch shares can be applied in any equity market around the world. For someone entering the financial stock market, this book is a great starter to understanding some of the basic concepts and indicators that can be leveraged to convert playing in the stock market from a simple roll of dice to a more quantitative approach. You won't walk out making millions reading this book but will help you get an understanding of some of the fundamentals that would get you going.
No nonsence guide to investing. Shall follow myself.
I would rate this book a 3.5 (rounding down to 3 for Goodreads).
Peter Lynch by all metrics is a success on the wall street, and has enjoyed high returns for his investors for years. This book is a summation of what he does, and how he does it.
The book is dated and at times, feels dry. He talks about a lot of examples of companies and stocks to make his points. The chapters are easy to scan but full of luff (it could honestly be reduced to half the pages). The content isn't is good and more of a reference/history than a how-to (again, it's dated).
My biggest gripe with the book is that Peter's examples are basically "if you would have bought X at the low of $, and sold it at the high of $, you would have made Y times your money". This is hokey-pokey because no one can time the market (which is something he says himself in the book). Hence the motivating examples feel weak.
This is an intro book for anyone looking to get into stock-picking. Read it or not - you won't be missing out a lot in my opinion.
Peter Lynch by all metrics is a success on the wall street, and has enjoyed high returns for his investors for years. This book is a summation of what he does, and how he does it.
The book is dated and at times, feels dry. He talks about a lot of examples of companies and stocks to make his points. The chapters are easy to scan but full of luff (it could honestly be reduced to half the pages). The content isn't is good and more of a reference/history than a how-to (again, it's dated).
My biggest gripe with the book is that Peter's examples are basically "if you would have bought X at the low of $, and sold it at the high of $, you would have made Y times your money". This is hokey-pokey because no one can time the market (which is something he says himself in the book). Hence the motivating examples feel weak.
This is an intro book for anyone looking to get into stock-picking. Read it or not - you won't be missing out a lot in my opinion.