The country's major banks flirted with insolvency, and a few went belly up. For the moment, the pessimists looked smart. They congratulated me for getting out at the right time - just before the collapse of the great bull market. I left Magellan in May, 1990, and pundits said it was a brilliant move. It's been a remarkable stretch since One Up on Wall Street hit the bookstores in 1989. Who knew it would go through thirty printings and sell more than one million copies? As this latest edition appears eleven years beyond the first, I'm convinced that the same principles that helped me perform well at the Fidelity Magellan Fund still apply to investing in stocks today. This book was written to offer encouragement and basic information to the individual investor. This timeless advice has made One Up on Wall Street a #1 bestseller and a classic book of investment know-how. He offers guidelines for investing in cyclical, turnaround, and fast-growing companies.Īs long as you invest for the long term, Lynch says, your portfolio can reward you. 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. A few tenbaggers will turn an average stock portfolio into a star performer. When investors get in early, they can find the “tenbaggers,” the stocks that appreciate tenfold from the initial investment. By paying attention to the best ones, we can find companies in which to invest before the professional analysts discover them.
From the supermarket to the workplace, we encounter products and services all day long. According to Lynch, investment opportunities are everywhere. The concepts and ideas of Peter’s book One Up on Wall Street serve as an inspiration for the design of the 22 Dividends app.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.Īmerica’s most successful money manager tells how average investors can beat the pros by using what they know. In his book, Peter explains his approach to the stock market with a focus on individual private investors: How to pick stocks? Which stocks to avoid? How to design a portfolio and do risk management? He also explains why individual investors have an edge over institutional ones. It already sold over one million copies and the provided advice doesn’t get old. Peter Lynchs’ book “One up on Wall Street” from 1989 is a must-read for new investors. Remember, things are never clear until it’s too late. Stand by your stocks as long as the fundamental story of the company hasn’t changed. The trick is not to learn to trust your gut feelings, but rather to discipline yourself to ignore them. How To Use What You Already Know To Make Money In The Market.
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