One Up On Wall Street: How To Use What You Already Know To Make Money In The Market
&**K
great and sensible investing guide
Amazing book on sensible incesting. Would consider it with Intelligent Investor and Random Walk down wall street to be among best books on investing I read
A**X
Investing for dummies
This book could be called Investing for dummies. It is so well written and understandable that everyone can get the message.Even if this book is from the late 80's, most of the companies mentioned still exist (KO, MCD, AAPL...) so you could have found some of the great compounder during that time.I would also recommend the audio book which is possibly even better than the book itself.
C**N
Very insightful
Short read but I've memorised the content better than watching his interviews.
A**E
A must read for the amateur investor
The lessons are timeless and readily understood and the book is an entertaining read. The author is very likeable and provides real life examples on how to assess companies and whay to think about.This is a great primer and there is very little maths in it. This is more about qualitative analysis and your psychology to buy and hold the right stocks and when to cut losersIt does point you in the direction of financial statements and basic rules of thumb to follow but there's no discounted cashflow analysis in this and rightly so. This is for someone starting out.I can't recommend this enough. Even if I had no interest in investing I would read this as it's entertaining and there are good life lessons in it.
D**I
A refreshing down-to-earth approach
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,.
D**A
An excellent investment book for small private investors
I've read quite a few investment books and this is one of the better ones. When I first started reading investment books, I naively hoped they would tell you exactly what to invest in and when. They don't. Nor can they. At the end of the day it's up to you to make investment decision using your own talent. The most you can hope for in a book like this, is to take you as far along the investment decision path as possible, give good practical advice and help you avoid making silly mistakes. On this basis, "One up on wall street" is one of the best I've read (the worst incidentally is "Rich Dad, Poor Dad"). This book is especially helpful for those (like myself) without specialist financial knowledge. It explains how you can use everyday knowledge that we all have to pick stocks and explains key financial data in a simple way. More generally, it reads easily and is quite short (roughly 300 pages). I would recommend it if you have a small portfolio and have limited financial knowledge.
A**Y
Thinking of investing? You MUST read this.
I never really understood the world of shares and sharedealing (I thought it was an specialist club for the financially educated) but this book breaks down the basics of what to look for to find a good investment.The theme of the book is that everyday folk like me will be open to spotting great investment opportunities before anyone on Wall Street or the London Stock Exchange gets a whiff of it. Once you spot the opportunity on the street, Peter makes light work explaining how you evaluate the company before investing.One example in the book is of a fireman who drove past a factory everyday, and everyday he saw jobs being advertised and improvements being made to the grounds and buildings. This told him the company must be doing well and was experiencing growth (and didn't need to be a financial whizz to work it out). Long story short he retired a millionaire thanks to a fairly small investment in this company that became a global brand.This book explains that we all have first hand experience with products, brands and companies that could be great investment opportunities. We don't need to be in the financial world to spot them.
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