Lynch provides step-by-step instructions for separating the long shots from the no-hopers by spending just a few minutes examining a company's financial documents.
His tips for generating "tenbaggers" can transform a stock portfolio into a star performer!
Author: Peter Lynch
Published in English: 1989
Media Type: Print( Hard Back, Paperback) Audiobook (Audible)
How many Pages?: 302 pages
Where To Buy? : Click Here To Find It On Amazon
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Find One Up On Wall Street audiobook on amazon
Being a stock market investor has always been thought to be one of the best careers one can have, which is why this field is very competitive and difficult to grasp or enter.
In One Up on Wall Street, Peter Lynch dispels myths about what it takes to be a good investor and demonstrates how anyone can outperform renowned investors by employing logic and common sense as their primary analysis metrics.
It ultimately boils down to investing in firms that you understand.
Keep it simple instead of examining analyst ratings and recommendations regarding businesses that actually require rocket science to understand.
For example, perhaps you've been walking around your neighbourhood and noticed a popular donut shop.
Then, perhaps, you observed the same shop succeeding in another city during your trip.
You'll think to yourself, "Perhaps it's time to think about investing in it."
After all, that's how the Dunkin' Donuts stock was discovered by everyday folks.
Overcomplicating investing might sabotage your chances of having a profitable portfolio.
Simple, every-day stocks sometimes turn out to be among the strongest performers.
However, there are other factors to consider when selecting investments, such as how to appropriately assess and analyse the value of a company.
One Up on Wall Street is a highly valuable piece of literature about financial education and the stock market that should be on everyone's reading list since it has the ability to dramatically enhance one's finances if knowledge is put into practise.
This time-tested book is a must-read for every individual or institution looking for profitable investment options.
Peter Lynch is not only one of the greatest investors of the twentieth century, but he is also an exceptional writer who has inspired and assisted thousands of people in improving their financial situation.
“The trick is not to learn to trust your gut feelings, but rather to discipline yourself to ignore them. Stand by your stocks as long as the fundamental story of the company hasn’t changed.”
“Know what you own, and know why you own it”
“People who succeed in the stock market also accept periodic losses, setbacks, and unexpected occurrences. Calamitous drops do not scare them out of the game.”
“Whenever you invest in any company, you’re looking for its market cap to rise. This can’t happen unless buyers are paying higher prices for the shares, making your investment more valuable.”
“Go for a business that any idiot can run – because sooner or later any idiot probably is going to be running it.”
“Big companies have small moves, small companies have big moves.”
“When you sell in desperation, you always sell cheap.”
“Remember, things are never clear until it’s too late.”
“The secret of his success is that he never went to business school. Imagina all the lessons he never had to unlearn.”
“The typical big winner in the Lynch portfolio (I continue to pick my share of losers, too!) generally takes three to ten years or more to play out.”