©1989 Peter Lynch, All Rights Reserved; (P)1989 Simon & Schuster Inc., All Rights Reserved, Sound Ideas is an Imprint of Simon & Schuster Audio Division Simon & Schuster Inc.
"...one of the greatest investors to ever buy stock." (Barron's Financial Weekly)
"All investors would do well to heed this advice." (Wall Street Journal)
"The #1 Money Manager!" (Time)
Lynch gives some great insight into using your life's experineces as an "edge" into finding stocks, and then shows you how to research those stocks, and what to look for before choosing to invest. Finally he shows how to identify when to sell.
I've already listened to this book three times through. Each time I get somthing new from it. It is like drinking from a fire hose. I'm not sure if this is due to the abridgement, or if an unabridged version would take even more useful information and pack it even more densely into this book.
Peter Lynch does an excellent job of narrating his own book. An author narrating his own book can always be hit or miss... Lynch is a hit!
I wish he told about where to find free sources for the detailed stock research he suggests using. I'd hate to spend money on the paid services for my first few small investments, as it'd eat up any potential gains.
I enjoyed this book, althought I was expecting more advanced concepts (since I am in the investing business). Nevertheless, Peter Lynch does a great job at summarizing his investment perspective in an easy to understand manner. This book is aimed at amateur investors, and is a good place to start if you are interested in investing by yourself. But even for professionnals, I think everyone can learn from Peter Lynch. A must read for everyone interested in the stock market.
While a number of the examples he uses are a bit antiquated and the present he is speaking in regards to is 20 years ago, Peter Lynch's advice on the stock market is still quite sound. It would be excellent if he did an updated version for the 21st century, but still overall great advice for beginners needing solid philosophical footing in the stock trade.
I had bought the book few years back when I started investing. Bought the audio book recently so I could listen anytime. Must read for anyone who wants to invest in the market. This book will help you to avoid many common mistakes most common investors commit. Save yourself thousands and make your self informed by spending few $. Mr. Lynch explains the many investment concepts in lay man terms.
Yes. Peter Lynch, former manager of the Magellan Mutual Fund from Fidelity and arguably one of the best professional money managers in recent times, shows you how you do not need to know a lot of 'business' or investment theory to do well in investing. Mr. Lynch shows how to use your "circle of competence" (what you already know) to make good, sound investments on your own for future financial security.
The examples he uses about how he found some great investments... tasting a burrito from Taco Bell while on the road... or staying at Quinta hotels. The examples provide some good illustrations of how to use our everyday interactions with businesses to find some good investments that the "professionals" may not yet be aware.
Yes... I listened to it while on a fairly long drive.
The reading was dry, the information wasn't anything I didn't learn on Google in 20 minutes of research and the opinions on options is ridiculous. why limit your ability to capitalize on market fluctuations?
If I had only one chance to read a book on stocks, it would be one up one the Wall Street. This book is the details of Peter Lynch other book Learn to earn. If you are a beginner please read learn to earn first.
I lost a lot of money in the stock market prior reading this book. It opened my eyes and made me a better investor.
I have read it many times and still hungry for more. I made all my money back and more.
On average my rerun is 15-30%.
Thanks Mr. Lynch for great advices.
This book is just a bag filled with golden nuggets. Even though the examples are in the context of the time the book was written, the main points are still valid today.
I know this from my experience working with stock selection and portfolio construction advising institutional investors.
The good thing though is that it's very simple to understand, meaning you can be a total beginner to stock investments and you'll still understand it.
No matter if you are a professional or a beginner, if you want to invest in stocks, this book is definitely a must read!
As a beginner investor I found this book really helpful. Lynch breaks down his investment strategies in simple, clear language and gives some great guidelines for investing. Will listen again and would recommend to anyone.
"Some good ideas!"
This book is a sequel to Lynch's "Earn and Learn" Where he introduced the basics of the stock market and what the numbers all mean. Here he takes the theory a little further in search of what he calls a "ten bagger" a stock that will return your purchase price 10-fold.
Lynch describes how the average individual can spot things that could take Wall St months if not years to find. He uses a theory similiar to Warren Buffetts "circle of confidence"... only invest in stocks where you have an insight into the business. He uses the example of Dunkin Donuts as his example. He drank the coffee... like it, ate the donuts, liked them and saw more stores opening in the area. This set him out to find more information on the company until he finally invested. This is one of his theories on how the average investor can "beat the street". He states that this type of research is just as good if not better than listening to the analysts and investing in stocks which you have no idea about. He claims investing in stocks in which people know nothing about is something that Wall st. often does to make a quick profit as prices rise on a hot stock. Lynch warns against this due to it's dangers and stockbroker commission, stating it's not feasible for an individual investor.
Lynch admits that this type of investing can certainly be dangerous as it's a speculative investment as opposed to investing into companies with long term history of increasing dividends and increasing profits. Yet some aspects of his theory need more research as they can sometimes glorify the profits but not give a full and clear idea of the risks.
This book is good for giving ideas on how to go about looking for the "10 baggers" as lynch calls them and there certainly have been many people to make money from this type of investment, however, I would suggest that you read some other titles on the subject. Such as " The new buffettology" by Mary Buffett and the "intelligent investor" by Graham
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