One Up On Wall Street

Submitted by Book Library on 17 April, 2010 - 05:39

THE NATIONAL BESTSELLING BOOK THAT EVERY INVESTOR SHOULD OWN Peter Lynch is America's number-one money manager. His mantra: Average investors can become experts in their own field and can pick winning stocks as effectively as Wall Street professionals by doing just a little research. Now, in a new introduction written specifically for this edition of "One Up on Wall Street," Lynch gives his take on the incredible rise of Internet stocks, as well as a list of twenty winning companies of high-tech '90s. That many of these winners are low-tech supports his thesis that amateur investors can continue to reap exceptional rewards from mundane, easy-to-understand companies they encounter in their daily lives.

Writing with John Rothchild, Lynch offers easy-to-follow directions for sorting out the long shots from the no shots by reviewing a company's financial statements and by identifying which numbers "really" count. He explains how to stalk tenbaggers and lays out the guidelines for investing in cyclical, turnaround, and fast-growing companies. Lynch promises that if you ignore the ups and downs of the market and the endless speculationabout interest rates, in the long term (anywhere from five to fifteen years) your portfolio will reward you. This advice has proved to be timeless and has made One Up On Wall Street : How To Use What You Already Know To Make Money In The Market a number-one bestseller. And now this classic is as valuable in the new millennium as ever.

Investment opportunities abound for the layperson, Lynch says. By simply observing business developments and taking notice of your immediate world from the mall to the workplace you can discover potentially successful companies before professional analysts do. This jump on the experts is what produces "tenbaggers," the stocks that appreciate tenfold or more and turn an average stock portfolio into a star performer. The former star manager of Fidelity's multibillion-dollar Magellan Fund, Lynch reveals how he achieved his spectacular record.

Positive Review of Book

This book is great. Not only does Peter Lynch give a run down of how he invests, but he uses a sensible approach while investing. He examines how to analyze a company, its operations, its financial statements and various other important factors when making an investment decision. This book is an important one that I will recommend and keep on my bookshelf for a LONG time.

Negative Review of Book

First time I was ever let down by Amazon. I've gone back a few times to look at the description of this item and have not seen it described as a little tiny minature of a very famous book. The book easily fits in your shirt pocket. It is filled with very important Lynch quotes, but it is very abridged. Not worth the time to return so I am 4.95 wiser.

Author Biography

Peter Lynch is vice chairman of Fidelity Management & Research Company -- the investment adviser arm of Fidelity Investments and a member of the Board of Trustees of the Fidelity funds. Mr. Lynch was portfolio manager of Fidelity Magellan Fund, which was the best performing fund in the world under his leadership from May 1977 to May 1990. He is the co-author of the bestselling Beating the Street and Learn to Earn, a beginner's guide to the basics of investing and business. He lives in the Boston area.

Table of Contents

  1. Part I: Preparing to Invest
    • The Making of a Stockpicker
    • The Wall Street Oxymorons
    • Is This Gambling, or What?
    • Passing the Mirror Test
    • Is this a Good Market? Please Don't Ask
  2. Part II: Picking Winners
    • Stalking the Tenbaggers
    • I've Got It, I've Got It - What Is It?
    • The Perfect Stock, What a Deal!
    • Stocks I'd Avoid
    • Earnings, Earnings, Earnings
    • The Two-Minute Drill
    • Getting the Facts
    • Some Famous Numbers
    • Rechecking the Story
    • The Final Checklist
  3. Part III: The Long-Term View
    • Designing a Portfolio
    • The Best Time To Buy and Sell
    • The Twelve Silliest (and Most Dangerous)Things People Say About Stock Prices
    • Options, Futures and Shorts
    • 50,000 Frenchmen can't be Wrong

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