Keep your ears to the ground!īefore you start investing in stocks, ask yourself these 3 questions: There are great investment opportunities to be found in your neighbourhood or workplace months and years before analysts and fund managers get to know about it. “Investing in stocks is an art, not a science…” He voiced his distrust of academic stock-market theories including the efficient markets and Random Walk.įund managers are saddled with many restrictions that make it difficult for them to beat the market, and when you ask a bank to handle all your investments, mediocrity is what you are likely to get.
Peter lynch one up on wall street returns how to#
Here Lynch talks about how to assess yourself as a stock picker. A few other quotes from Peter Lynch in One Up on Wall Street include:.One Up on Wall Street is divided into three sections: He admonishes the average investor to avoid the unwritten Wall Street Rule: if you don’t understand it, then put your life savings into it. a stock whose prices increases 10-fold) is something that happens as we carry out our daily mundane tasks. Lynch talks about how coming across the next “ten bagger” (i.e. This is investing, where the smart money isn’t so smart, and the dumb money isn’t really as dumb as it thinks.
You don’t get very far in One Up On Wall Street (just 3 pages in…) before you come across a great nugget from Lynch: “great investors don’t invest in what they don’t understand.” This goes on to be a central theme in the book. The book written by Peter Lynch, first published in 1988 and followed by a second edition in 2000, is an excellent read and offers timeless advice to the everyday investor.Ī theme that comes up again and again throughout this book, is that the average investor (average Joe) has the tools at their disposal to score a good one in the markets. At the end of 2016, I had added it to my financial education reading list for 2017. I added One Up On Wall Street to my library in 2015 but didn’t get around to reading it until this Spring.
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