Product Description

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.

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. 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 speculation about 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 a number-one bestseller. And now this classic is as valuable in the new millennium as ever.

Product Details

• Amazon Sales Rank: #3030 in Books
• Published on: 2000-04-03
• Original language: English
• Number of items: 1
• Binding: Paperback
• 304 pages

From Publishers Weekly
Writing with Rothchild ( A Fool and His Money ), Lynch, director of the Fidelity Magellan Fund, the nation's largest equity fund ($9 billion in assets), argues that average investors can beat Wall Street professionals by using the information that they encounter in their everyday lives. For example, Lynch invested in Hanes after his wife told him about the popularity of L'eggs pantyhose. Other winning stocks that average investors could have picked well before Wall Street became aware of them include LaQuinta motels, the Limited clothing store chain and Agency Rent-A-Car, note the authors. They advise readers to look for spectacular growth among companies that sound dull; do something disagreeable; are spinoffs; are buying back theor own stock. They caution readers to avoid companies touted as the next IBM or Xerox; that are diversifying ("diworseifying"); that depend on a single customer. The book is also a primer on how the stock market works and is written in a light, entertaining style. Investors will be able to put the shrewd insights presented to good use. Author tour.
Copyright 1988 Reed Business Information, Inc.

Review
Anise C. WallaceThe New York TimesMr. Lynch's investment record puts him in a league by himself.

Review
Anise C. Wallace The New York Times Mr. Lynch's investment record puts him in a league by himself.

Customer Reviews

This book brought me to my senses.
I was going to do some online trading and bought this book too learn more about selecting stocks. Mr. Lynchs' statement that he considered himself successful if 6 out 10 stocks he selected increased in value changed my mind. I want to thank him for waking me up. I will stick to index funds and wish all the online traders the best of luck.

Not what I expected.
I thought this book was an abreviated version of the full book, however this book is actually a miniture ~2inch micro-pocket version of the full book. Text is full size, thus it only contains a very few high-level comments. I was hoping for a boiled-down version, but got mini-me.

Don't get this book
It's a small book with no depth. Might be relevant for people who are clueless about stocks but definitely not for people with general idea about stocks.