A load of crap from an idle brain

Peter Lynch is a Wall Street investor and a research consultant at Fidelity Investments, one of the biggest fund companies in the world. Unlike the Warren Buffett model of investing where diversification is not the norm and the investments are concentrated around a few good solid companies, Peter Lynch’s investment principle is to invest in what you know and to keep the basket of companies diverse and large.

He’s the one who coined the word, “ten bagger” which means an investment that is worth ten times its original buying price.  Lynch goes on to give pointers on how to pick up the ten baggers, the kind of companies to avoid, how to design a portfolio, the silliest things people say about stocks.

This book is one of the best books to read before entering the market. If you are someone who would like to enter the stock markets and get into equity, mutual funds etc, this book is a must read.

Read more about Peter Lynch at his Wikipedia page here

A list of all the books that i have read till now and am currently reading are on the right side of this blog.  Though not a prolific reader, this year i have been reading quite a few books.  With still 4 months to go for the end of the year, i hope to have read at least 12 books this year; which would mean a book every month.  Hmmm….not bad

One Up On Wall Street: How To Use What You Already Know To Make Money In The Market
Author – Peter Lynch
Pages – 304
Publisher – Simon & Schuster

Above picture courtesy: Bfanderson

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Been swamped with work. Have no time to read websites let alone update this one. Have taken a break from reading books too as i realised that the business magazines that i had bought are gathering dust in a corner.  So, carry them in my bag to and fro work hoping to read them than stare at other people’s faces in bus/train.

Have taken tons of pictures too. No time to even sort, upload and share them.  Sometimes i feel that 24 hrs is not enough in a day.  Wish there was some way to increase the number of hours in a day.  It would be good as long as the extended hours doesnt mean that i need to spend them at work

As expected, my investments havent slacked, infact they are on the upswing.  Bought a few shares in SREI Infrastructure, Alok Industries.  But my biggest mistake has been to ignore Tata Motors.  Its the kind of multi bagger that can make you rich for life.  A year ago i bought very few of them around 140 rupees and then left it at it.  Today, Tata Motors is trading above 750 rupees.  At one point of time, it had even crossed 800.

That’s the kind of shares i should have been chasing instead of stagnant ones  like BILT and NHPC.  Another multi-bagger is L&T.  I had bought a few at around 650 rupees and today it is consistently trading above 1600 rupees.

Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well  -  Warren Buffett

I should try to follow the above mentioned statement more faithfully and only then will i be able to cash in on the opportunities that lie ahead.

Picture source: MIT Admissions

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