One Up On Wall Street: How To Use What You Already Know To Make Money In The Market
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Review : 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. Read more
Review : This book contains great information about how to invest in the long run. What I enjoyed about this book is that Peter talks about his journey by mentioning what errors he’s made & what successes he had. He mentions what strategies works for him & which ones he dislikes. He talks about common error professionals/amateur make, and myths about the market. However, if you have no knowledge on investment I wouldn’t recommend reading this book first, as it uses a lot theories assuming you already know the basics. I definitely believe this book is worth the read, but it will require reading it more than once because there is just so much information that I didn’t processed with just one read.
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