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Description
More than one million copies have been sold of this seminal book on investing in which legendary mutual-fund manager Peter Lynch explains the advantages that average investors have over professionals and how they can use these advantages to achieve financial success. America's most successful money manager tells how average investors can beat the pros by using what they know. According to Lynch, investment opportunities are everywhere. From the supermarket to the workplace, we encounter products and services all day long. By paying attention to the best ones, we can find companies in which to invest before the professional analysts discover them. When investors get in early, they can find the "tenbaggers," the stocks that appreciate tenfold from the initial investment. A few tenbaggers will turn an average stock portfolio into a star performer. Lynch offers easy-to-follow advice for sorting out the long shots from the no-shots by reviewing a company's financial statements and knowing which numbers really count. He offers guidelines for investing in cyclical, turnaround, and fast-growing companies. As long as you invest for the long term, Lynch says, your portfolio can reward you. This timeless advice has made One Up on Wall Street a #1 bestseller and a classic book of investment know-how.… (more)
User reviews
LibraryThing member gq2000
Overly simplied, but an excellent book for beginners (better than Intelligent Investor). When you buy stocks with products/stores that you like, remember two things: (1) Check the valuation; don't overpay. (2) Ask yourself if the product/store is just a "fad" that does not have sustainable growth
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power in the long run. Show Less
LibraryThing member m8eyboy
I love all three of Peter Lynch's books, but this is the best. It contains within it the secret of successful stockpicking and much wit and wisdom. Lynch was a successful fund manager, a claim to fame in itself, with a disarmingly simple style. Follow it and you will be casing department stores and
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cozying up to investor relations departments in no time. You see: "All you have to do is put as much effort into picking your stocks as you do into buying your groceries." Show Less
LibraryThing member NativeRoses
This is a classic guide on how to invest for value in the stock market. There are many pretenders, but few can match Peter Lynch's brilliant performance of consistently returning more than 18% per year with the Fidelity Magellan fund he managed. His no-nonsense, avoid-the-hype approach is very
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clearly explained in this straightforward guide. Show Less
LibraryThing member VVilliam
An incredible and fascinating book about how to use amateur knowledge to make winning stock purchases. A highly recommeneded must-read for anyone planning to invest in stocks. It is also a great reference as Lynch goes over important stock numbers and gives good advice. The only downside is that
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the book can be tiresome with his many recounts of stock purchases he's made. Show Less
LibraryThing member jeffreydmoser
Good introduction on investing that shows that even lay folks like myself have a chance to do reasonably well.
LibraryThing member tursach_anam
The perspective given in this book comes from someone who's been involved for a great number of years in picking stocks for Fidelity Mutual. It offers a lot of caution, while at the same time pointing out that practically anyone can beat the picks of wall street. His rationale is that fund managers
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and the like are constrained by a variety of rules that practically guarantee that the hot stock they pick has already had its largest gain. Only individuals can spot a potentially hot stock and have the freedom to invest. At the same time, he offers a lot of advice on avoiding common investing mistakes. The book is nothing earth-shattering, but it does provide good words of wisdom that I found very useful. Show Less
LibraryThing member Brumby18
Great advice and insightful - I woul recommnd ads it has very "real" advice. I can see why it is a favurite- uncomplicated and targets the early investor. no bells and whistles. I recommend this as a entry level read(to be recisited later after you have tried the rest and need to reset the compass.
LibraryThing member ZoharLaor
This is a short book, but long on advice even, and especially, after the financial meltdown. 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,
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.
The book is a fun read and gives novices, such as myself,
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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.
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LibraryThing member jppoetryreader
I found this an interesting book about how one man made decisions about what companies were worth investing in. It's not a practical guide but it shows you Lynch's perspective on the process, the rewards and the pitfalls, and how to view companies as an investor. It made the whole thing less
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mystifying. I didn't come away feeling I could necessarily make the best decisions, but I did come away feeling I could spot someone making poor decisions, especially poor decisions for me. Show Less
LibraryThing member browner56
For all of the financial capital under their control, it has always amazed me how anonymous most portfolio managers are. Money management companies(e.g., Fidelity, Putnam, Vanguard) are well-known, but the men and women who actually make the investment decisions typically are not, particularly to
This is the first of two books—'Beating the Street' being the other—that crystallizes his “power of the little guy” investment philosophy. If Ben Graham is the quintessential value investor, Lynch embodies the GARP (Growth at a Reasonable Price) strategy. His straightforward approach is based on two imminently sensible ideas: (1) good, well-run companies with expanding franchises make the best investments over the long run, and (2) individual investors often have an advantage over institutional investors because, as everyday consumers of goods and services, they are in a better position to gather information on the quality of those firms.
Lynch develops these ideas in a practical and approachable manner, usually illustrating his points with examples from his own experience. Although some of these stories feel a little dated by now (e.g., Micron Technology, Service Corporation International), the wisdom inherent in his approach is timeless. He was truly a master at the art of building a stock portfolio from the bottom up and much of that accumulated wisdom is captured in this volume; in fact, the chapter on 'Some Famous Numbers' is worth price of the book alone.
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non-groupies who don’t stay glued to CNBC. Of course, Peter Lynch is an exception; his performance record while running Fidelity’s Magellan fund was so spectacular that the firm simply could not keep him hidden. This is the first of two books—'Beating the Street' being the other—that crystallizes his “power of the little guy” investment philosophy. If Ben Graham is the quintessential value investor, Lynch embodies the GARP (Growth at a Reasonable Price) strategy. His straightforward approach is based on two imminently sensible ideas: (1) good, well-run companies with expanding franchises make the best investments over the long run, and (2) individual investors often have an advantage over institutional investors because, as everyday consumers of goods and services, they are in a better position to gather information on the quality of those firms.
Lynch develops these ideas in a practical and approachable manner, usually illustrating his points with examples from his own experience. Although some of these stories feel a little dated by now (e.g., Micron Technology, Service Corporation International), the wisdom inherent in his approach is timeless. He was truly a master at the art of building a stock portfolio from the bottom up and much of that accumulated wisdom is captured in this volume; in fact, the chapter on 'Some Famous Numbers' is worth price of the book alone.
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LibraryThing member bysunil
Best book on investing. Have read 3 times & may read 100 more times. A must read for beginners in stock investing.
Subjects
Series
Publication
Simon & Schuster (1989), 318 pages
Original publication date
1989
Pages
318
ISBN
0671661035 / 9780671661038
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Language
Original language
English