To me, an investment is simply a gamble in which you’ve managed to tilt the odds in your favor. It doesn’t matter whether it’s Atlantic City or the S&P 500 or the bond market. In fact, the stock market most reminds me of a stud poker game.
To me, an investment is simply a gamble in which you’ve managed to tilt the odds in your favor. It doesn’t matter whether it’s Atlantic City or the S&P 500 or the bond market. In fact, the stock market most reminds me of a stud poker game.
One Up On Wall Street
How To Use What You Already Know To Make Money In The Market
by Peter Lynch
with John Rothchild
http://books.simonandschuster.com/One-Up-On-Wall-Street/Peter-Lynch/9780743200400
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.
America’s most successful money manager tells how average investors can beat the pros by using what they know. According to Lynch, investment opportunities are everywhere. From the supermarket to the workplace, we encounter products and services all day long. By paying attention to the best ones, we can find companies in which to invest before the professional analysts discover them. When investors get in early, they can find the “tenbaggers,” the stocks that appreciate tenfold from the initial investment. A few tenbaggers will turn an average stock portfolio into a star performer.
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. He offers guidelines for investing in cyclical, turnaround, and fast-growing companies.