One Up On Wall Street: How To Use What You Already Know To Make Money In The Market

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Shortform note: Since the book’s publication, product life cycles have become even shorter, which means inventory becomes obsolete faster than before. Like Warren Buffett, he is a regular investor who finds neglected firms in the fields of nuts and bolts.

So far, 1987 hasn't been repeated, but the bears arrived in 1990, the year I left my job as manager of the Fidelity Magellan Fund.If you can follow only one bit of data, follow the earnings—assuming the company in question has earnings. 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.

Paying attention to businesses doing well in our daily lives could generate more insight and help us stay one step ahead of Wall Street. That two small banks appear on this list shows once again that big winners can come from any industry -- even a stodgy slow-growth industry like banking.They congratulated me for getting out at the right time -- just before the collapse of the great bull market. He recommends paying more attention to the knowledge we have as consumers or industry insiders than to Wall Street’s recommendations.

Apesar de ser a profissão desse excelentíssimo senhor (ele foi gestor do Fidelity Magellan Fund, o maior fundo de ações da sua época, não sei qual a situação desse fundo na atualidade), certas piadas e brincadeiras ultrapassam o limite do sarcasmo tolerável. One of the numerous biotech mutual funds might be worth a long-term commitment for part of your money.

When looking at the same sky, people in mature industries see clouds where people in immature industries see pie. In liabilities, see the amount of long-term debt and see if it is increasing or decreasing (if cash has been growing and this type of debt is decreasing, then the balance is getting stronger and stronger); then view the total and calculate the net cash position.

Shortform note: Lynch notes that you should avoid selling early, but how can you tell when it’s too early and when it’s the right time to sell? PDF] [EPUB] One Up On Wall Street: How to Use What You Already Know to Make Money in the Market Download by Peter Lynch. When somebody says, “Any idiot could run this joint,” that’s a plus as far as I’m concerned, because sooner or later any idiot probably is going to be running it. Other than that, however, this is an excellent investing guidebook, for beginners and more advanced investors alike.A começar por explorar o principal ponto negativo dessa obra, o caráter do próprio escritor, percebe-se que ele é definitivamente um psicopata maníaco que só pensa em ações 24h por dia. He also dives into the emotional and psychological aspect of investing, writing about the personal qualities needed (tolerance for pain, open-mindedness, detachment, persistence, the ability to ignore general panic), and the 'three emotional states' that every 'unwary investor' passes through: 'concern, complacency, and capitulation. I mention Microsoft and Cisco to add contemporary examples to illustrate a major theme of this book. The introduction to each chapter with a different narrator is useful, though the production is dated.