One Up on Wall Street

Resumen del libro

THE NATIONAL BESTSELLING BOOK THAT EVERY INVESTOR SHOULD OWN
Peter Lynch is America's number-one money manager. His mantra: 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.

Now, in a new introduction written specifically for this edition of "One Up on Wall Street, " Lynch gives his take on the incredible rise of Internet stocks, as well as a list of twenty winning companies of high-tech '90s.

That many of these winners are low-tech supports his thesis that amateur investors can continue to reap exceptional rewards from mundane, easy-to-understand companies they encounter in their daily lives.

Investment opportunities abound for the layperson, Lynch says. By simply observing business developments and taking notice of your immediate world -- from the mall to the workplace -- you can discover potentially successful companies before professional analysts do.

This jump on the experts is what produces "tenbaggers," the stocks that appreciate tenfold or more and turn an average stock portfolio into a star performer.

The former star manager of Fidelity's multibillion-dollar Magellan Fund, Lynch reveals how he achieved his spectacular record. Writing with John Rothchild, Lynch offers easy-to-follow directions for sorting out the long shots from the no shots by reviewing a company's financial statements and by identifying which numbers "really" count.

He explains how to stalk tenbaggers and lays out the guidelines for investing in cyclical, turnaround, and fast-growing companies.

Lynch promises that if you ignore the ups and downs of the market and the endless speculation about interest rates, in the long term (anywhere from five to fifteen years) your portfolio will reward you. This advice has proved to be timeless and has made "One Up on Wall Street" a number-one bestseller.

Biografía del autor

Peter Lynch dirigió el Fidelity Magellan Fund entre 1977 y 1990, que bajo su liderazgo fue uno de los fondos de inversión más exitosos de todos los tiempos. Después llegaría a ser el vicepresidente de Fidelity y, más recientemente, se ha convertido en un prominente filántropo especialmente activo en el área de Boston, donde reside. En la actualidad, Peter Lynch es vicepresidente de Fidelity Management x{0026} 38; Research Company. Entre sus libros destacan, Beating the Street y Learn to Earn, todos ellos escritos junto al que fuera columnista financiero de las revistas Time y Fortune, John Rothchild.