One up on wall street book


More than one million copies have been sold of this seminal book on One Up On Wall Street and millions of other books are available for site Kindle. The Intelligent Investor: The Definitive Book on Value Investing. One Up on Wall Street (A Fireside book) by Lynch, Peter, Rothchild, John 2nd (second). One Up On Wall Street book. Read reviews from the world's largest community for readers. In easy-to-follow terminology, Lynch offers directions for s. .

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One Up On Wall Street Book - download One Up On Wall Street: How to Use What You Already Know to Make Money in the Market book online at best prices in India on 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. Each Friday, The Simple Dollar reviews a personal finance book. Peter Lynch is a Wall Street legend. He drove Fidelity's Magellan mutual fund.

Like others before him, Lynch felt he had to provide guidelines on how many stocks should be in a portfolio. He also rejects the other extreme of owning just one or a few stocks; that would mean risking everything since no one can know the future. The more stocks there were in a portfolio, the more flexibility available in rotating them. He also took readers back to the main theme of the book: download stocks that match the situations in which you have an edge, as in knowing the stages of a cyclical industry, for example. Lynch and growth stocks The guru rejected suggestions he owed his success to growth stock specialization. He also looked at risk-reward profiles within his six categories: Slow growers: low-risk, low-gain and priced on that basis.

Selling stocks Broadly speaking, Lynch saw himself rotating in and out of stocks, rather than getting in or out of the market. He said he rarely goes into cash, beyond, of course, enough to cover anticipated redemptions.

Fast growers would be kept so long as they posted growing earnings and expansion was continuing. He went on to deal with the question of how many stocks would be appropriate for a portfolio.

Review: One Up On Wall Street

For a small investor, that would be three to 10 stocks, with a preference for the higher number. The remainder would be divided among stalwarts, cyclicals and turnarounds. Lynch saw diversification within a portfolio as a positive.

Just listen to what people say, do your own investigating, and follow up on what you find.

One Up On Wall Street: How to Use What You Already Know to Make Money in the Market

Most important of all, Lynch offers three questions that you need to seriously answer before you start investing in individual stocks.

Do I own a house? It provides you a stable and permanent place to hang your hat. Some might argue with this advice, but the permanence and investment qualities of a home, the advice does make a lot of sense.

One Up On Wall Street: How to Use What You Already Know to Make Money in the Market by Peter Lynch

Do I need the money? Do I have the personal qualities it takes to succeed? Lynch lists patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic. Picking Winners The message of this entire portion of the book can be summed up in three words: What kind of research? Lynch literally goes on for a hundred pages on the research one should do before investing.

Basically, learn everything you can about the company — what their balance sheet looks like, who their management team is, how they compare to similar companies, and so on.

Here are five big positive signs to look for, those these just scratch the surface: My favorite tip? Lynch all but says to do the exact opposite of what the analysts are saying, particularly in the media — the hot stocks are a bad idea, but the boring stocks are a good idea.

I really am just scratching the surface here. He talks about his past, his victories, and some of his failures.

He describes everything that happened in an easy way to read. Anyone, including non-financial folks, can understand t I originally picked this book because after I read a lot about Warren Buffett's investing I decided to see other people's style.

Anyone, including non-financial folks, can understand this. The book emphasizes through numerous examples the importance of understanding the companies you invest in, picking winners, and collecting the important facts. Although some of the companies mentioned are no longer in existence, the reasoning and the thought process is as valuable as it was when the book was written. I particularly liked the list of questions to ask before downloading a stock and for identifying suitable times to download or sell a stock.

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