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