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Top customer reviews
December 9, 2017
Format: Paperback|Verified Purchase
This is great investment and financial advice from one who knows. He gives his Wall Street stories from the 70s-90s and doesn't hold back on his own shortcomings and mistakes. He down plays his successes but he had a lot and should be listened to.
This book is like a follow up to the Benjamin Graham book on stocks. Good, clear, reasonable, cautious tops to "play" the market wisely. He also shared insights from another giant in the field, Warren Buffet. This book only goes to about 2003 in its history, but still is useful today.
This book is like a follow up to the Benjamin Graham book on stocks. Good, clear, reasonable, cautious tops to "play" the market wisely. He also shared insights from another giant in the field, Warren Buffet. This book only goes to about 2003 in its history, but still is useful today.
January 3, 2017
Format: Kindle Edition|Verified Purchase
One Up On Wall Street is a terrific place to start if you want to learn the fundamentals of stock trading. Peter Lynch does a great job of teaching the reader about the stock market while at the same time telling an interesting story. The book is very autobiographical in that Pete uses personal anecdotes to demonstrate economic and financial principals.
If you are already familiar with stocks, I would still recommend this book. It really geeks you up and makes you feel as if you too can become a successful stock trader.
The best aspect about this book is that while you read it, you feel like an actual stock broker. The words on the page transport you into a world where you are a successful mutual fund manager. Peter Lynch is very knowledgeable and gives great advice.
If you are already familiar with stocks, I would still recommend this book. It really geeks you up and makes you feel as if you too can become a successful stock trader.
The best aspect about this book is that while you read it, you feel like an actual stock broker. The words on the page transport you into a world where you are a successful mutual fund manager. Peter Lynch is very knowledgeable and gives great advice.
March 12, 2015
Format: Paperback|Verified Purchase
Peter Lynch’s One Up on Wall Street is great read for someone starting a stock portfolio, a financial analyst looking to move up in her career, or a senior hedge manager at a major corporation. Lynch breaks down the mystery surrounding investing and writes with a heartfelt and humorous tone that makes the stock market seem understandable. He speaks honestly about the companies he missed out on and the ones he did well in. His message throughout the book is that anyone can be successful in the stock market if they do their research, distance themselves from “insider tips” or noise, and are patient.
Lynch argues that every person already has an insider advantage for investing based on the area they work in. For example, a dentist may notice that a certain brand of floss works much better and is much more prevalent than competing brands. Once these products are recognized, people should conduct research based on what they know, and continue to keep their eyes and ears open for potential investments. However, it’s important not to get caught up in the recommendations or local gossip about a company; this is simply noise, and more often than not will lead you astray. Lynch also recommends investing in companies that are boring and predictable; if you can’t explain what a company does in 2 minutes to a 10 year old, you don’t understand enough about the business to invest in it. Furthermore, it’s important to stay away from the hot and exciting companies, because these ones are more likely to fail than niche businesses in a specific industry. Categorizing stocks (stalwarts, slow growers, fast growers, asset plays, cyclicals and turnarounds) can help you to determine what metrics to looks for. Finally, plan to invest in the long term, and don’t get concerned about panics in the market. Even if you decide to invest later in a company’s life, you can still make a ten-bagger or better.
My only criticism is that One Up on Wall Street was written in the 1980s, so the events and companies mentioned in the book are pretty dated. There were also fewer analysts and less information on companies in the 1980s, so it was easier to find businesses the stock market had over-looked. Still, the book is a great beginner’s guide to investing and has some timeless advice that anyone in the finance industry could find helpful.
Lynch argues that every person already has an insider advantage for investing based on the area they work in. For example, a dentist may notice that a certain brand of floss works much better and is much more prevalent than competing brands. Once these products are recognized, people should conduct research based on what they know, and continue to keep their eyes and ears open for potential investments. However, it’s important not to get caught up in the recommendations or local gossip about a company; this is simply noise, and more often than not will lead you astray. Lynch also recommends investing in companies that are boring and predictable; if you can’t explain what a company does in 2 minutes to a 10 year old, you don’t understand enough about the business to invest in it. Furthermore, it’s important to stay away from the hot and exciting companies, because these ones are more likely to fail than niche businesses in a specific industry. Categorizing stocks (stalwarts, slow growers, fast growers, asset plays, cyclicals and turnarounds) can help you to determine what metrics to looks for. Finally, plan to invest in the long term, and don’t get concerned about panics in the market. Even if you decide to invest later in a company’s life, you can still make a ten-bagger or better.
My only criticism is that One Up on Wall Street was written in the 1980s, so the events and companies mentioned in the book are pretty dated. There were also fewer analysts and less information on companies in the 1980s, so it was easier to find businesses the stock market had over-looked. Still, the book is a great beginner’s guide to investing and has some timeless advice that anyone in the finance industry could find helpful.
June 5, 2014
Format: Paperback|Verified Purchase
This book is a great read by a professional who uses his knowledge to make it big on Wall Street. It will help the causal investor understand the market, and how one successful man made his fortune. If you are looking for an easily accessible book to read on the market then this is the one you are looking for. Some books seem to get lost in explaining basic details, but this one gives the reader exactly what they are looking for, the strategies/fundamentals that Lynch used to make his money, so the reader can incorporate some of them into their own.
5.0 out of 5 stars... Up on Wall Street by Peter Lynch is an excellent book on how to use common knowledge combined with ...
November 26, 2014Format: Paperback|Verified Purchase
One Up on Wall Street by Peter Lynch is an excellent book on how to use common knowledge combined with work ethic to be able to understand and take advantage of the amount of money there can be gained by using the stock market. What I really enjoy about this book is that he doesn’t use complicated jargon or complex financial equations to try and explain how he or others have found success in finding undervalued companies. He explains simply using real-life examples how he has found success in finding the “ten or twenty-baggers” to turn one dollar into twenty. I also enjoy the stories in which he invested in companies that turned south and in one such example, he lost upwards of 95% of his investment and he explained what learned from it. You’re not going to always be successful in the stock market and even some of the most successful people have lost a lot of money. He explains the importance of earnings and the p/e ratio and how to analyze them logically. Probably the most important message I got from this book is that anyone can be successful in the stock market. Using the knowledge already gained from companies that we are familiar with, applying the right personal strategies, working hard to get to know the company, and applying other strategies or opinions that Lynch shares that are important to you, one can be very successful. This is an excellent read for anyone looking to get started or who is already heavily involved in the stock market.
