Retained Learnings from the books we read.
Reason for Recommendation:
As the world’s leading investment expert, Peter Lynch’s mantra is “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.” One Up On Wall Street offers insight, encouragement, and basic information to the individual investor.
About the Author:
Peter Lynch is America’s number-one money manager. He is vice chairman of Fidelity Management & Research Company and a member of the Board of Trustees of the Fidelity funds. Mr. Lynch was portfolio manager of Fidelity Magellan Fund, which was the best performing fund in the world under his leadership from May 1977 to May 1990. He is the co-author of the bestselling Beating the Street and Learn to Earn, a beginner's guide to the basics of investing and business.
In this book, Lynch explains how professional money managers are often blinded by their own methods, which prevent them from seeing high-flying stocks until they have already gained tremendous altitude. Using anecdotes and stories of his successes, Lynch illustrates to readers how to use their own perspectives to recognize these stocks while they are still on the ground. He lays out guidelines for investing in cyclical, turnaround and fast-growing companies. Additionally the book among many things, teaches the important foundation of where to start conducting decent analysis, which is a valuable tool to any investor.