As to whether they’re going to be higher or lower in two to three years, you may as well flip a coin to decide.” “Absent a lot of surprises, stocks are relatively predictable over 10-20 years. Don’t try to time the market – think long term His return over the 13 years was an amazing 29% p.a., or a total return of over 2,700% – $100,000 invested in the fund would have been worth close to $3 million by the time he’d finished working his magic.Īmong the general advice Lynch offers to investors in One up on Wall Street are the following guidelines: 1. at the time with over US$14 billion when he retired in 1990 1. It had grown to be the largest fund in the U.S. When Lynch took over the fund in 1977, Fidelity’s fund had about US$18 million in funds under management. For those new to investing, I highly recommend picking up a copy, as it is extremely accessible for non-finance types and could help you with your investments in the future. This timeless advice has made One Up on Wall Street a #1 bestseller and a classic book of investment know-how.When I started my investing journey over a decade ago, the first investing book I read was One up on Wall Street, written by one of the world’s most successful investors – Peter Lynch, who ran Fidelity’s Magellan Fund. He offers guidelines for investing in cyclical, turnaround, and fast-growing companies.Īs long as you invest for the long term, Lynch says, your portfolio can reward you. Lynch offers easy-to-follow advice for sorting out the long shots from the no-shots by reviewing a company’s financial statements and knowing which numbers really count.
A few tenbaggers will turn an average stock portfolio into a star performer. When investors get in early, they can find the “tenbaggers,” the stocks that appreciate tenfold from the initial investment.
By paying attention to the best ones, we can find companies in which to invest before the professional analysts discover them. From the supermarket to the workplace, we encounter products and services all day long. According to Lynch, investment opportunities are everywhere. More than one million copies have been sold of this seminal book on investing in which legendary mutual-fund manager Peter Lynch explains the advantages that average investors have over professionals and how they can use these advantages to achieve financial success.Īmerica’s most successful money manager tells how average investors can beat the pros by using what they know.
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