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Street
There is something endearing about Peter Lynch's approach. He takes the view that the average retail (amateur) investor can beat the professionals by using common sense and exercising self-control. Whilst investment is always a gamble, the shrewd investor can find companies that swing the odds in favour of a win. Peter Lynch liked companies with a good product that he could understand - he bought into Taco Bell because he liked their coffee, and because he saw it was a strong company with sound management and plenty of room to grow. As a part of his research he would visit company offices. If he found shabby offices with frayed carpets and cracked linoleum in a downbeat part of town, he would reason that these companies put all their money into the business and not into glitzy office blocks. And he would invest. But he shied away from companies that spent their profits unwisely on unnecessary status symbols and acquisitions. All in all his advice is practical. Be your own person. Don't follow the herd. Don't worry about the macro-economic situation. Don't focus on short term movements in share price. Don't pay too much attention to complicated things like charts. Be patient. Be slow to buy and slow to sell. And above all know the company in which you're investing.
This is a charming book written by a modest and engaging character, full of great anecdotes and sound advice. It has a place in my top twenty books on investing. Thoroughly recommended,.

Subjects

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.

Publication Details

Publisher:
Simon & Schuster Audio
Edition:
Abridged
Publication Date:
1989

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Format

  • OverDrive MP3 Audiobook 58.9 MB
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Peter Lynch (Author)

Peter Lynch managed the Fidelity Magellan Fund from 1977 to 1990 when it was one of the most successful mutual-funds of all time. He then became a vice chairman at Fidelity and more recently has become a prominent philanthropist particularly activ..

Peter Lynch (Narrator)

Peter Lynch managed the Fidelity Magellan Fund from 1977 to 1990 when it was one of the most successful mutual-funds of all time. He then became a vice chairman at Fidelity and more recently has become a prominent philanthropist particularly activ..