![]() ![]() Lynch looks to buy great companies that he believes the market has undervalued and underappreciated. Author tour.Peter Lynch, Magellan’s former fund manager, suggests that average investors who become experts in their own field can pick winning stocks effectively with a little research. Investors will be able to put the shrewd insights presented to good use. The book is also a primer on how the stock market works and is written in a light, entertaining style. They caution readers to avoid companies touted as the next IBM or Xerox that are diversifying (``diworseifying'') that depend on a single customer. ![]() They advise readers to look for spectacular growth among companies that sound dull do something disagreeable are spinoffs are buying back theor own stock. Other winning stocks that average investors could have picked well before Wall Street became aware of them include LaQuinta motels, the Limited clothing store chain and Agency Rent-A-Car, note the authors. For example, Lynch invested in Hanes after his wife told him about the popularity of L'eggs pantyhose. Writing with Rothchild ( A Fool and His Money ), Lynch, director of the Fidelity Magellan Fund, the nation's largest equity fund ($9 billion in assets), argues that average investors can beat Wall Street professionals by using the information that they encounter in their everyday lives. This timeless advice has made One Up on Wall Street a #1 bestseller and a classic book of investment know-how. 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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