Lynch advises one to go through before starting to invest.įurther, the book is essentially divided into three sections:Īs mentioned earlier, the main argument of the author in this section is that even an average person can pick stocks as efficiently as an expert. Unlike the general assumption that stock picking is highly quantified, he states that selecting the right stock is more of an art than science. All these do not mean that the next product that you try and then fall in love, will fetch you a return of ten times on your investment. Volvo, as his family and friends drove the vehicle and had nothing but good reviews of the same.
For example, Taco Bell, as he was impressed with the burrito while on a trip to California. He argues that most of his best investments have been companies that he came across in his day-to-day life. Only the experts know which stocks to pick because, well, they are experts! But Peter Lynch would not completely agree to this. He keeps the reader on their feet by putting forward real-life examples that force one to think practically. Using a limited amount of words, the author gives a brief about his early days in investing, which saves both time and the energy of the reader. There is never a dull moment due to the author’s dislike for the theoretical aspects. But don’t let the strong technical background and work fool you, because the author portrays a sense of humor that will keep you smiling and help you sail through the book.
He was successful in achieving an average return of 29.2 percentage annually, this led Magellan Fund to become the best-performing mutual fund in the world. It also made Peter Lynch one of the best in the business. Peter Lynch managed the Magellan Fund at Fidelity Investments between 19. Hearing these, does your heart race faster, skip a beat, or you feel a zeal of energy rush through your body? If yes, then “One Up On Wall Street” by Mr. Peter Lynch is crafted just for you. It is Monday morning the Sensex is up by 200 points and the market is just about to open.