Peter Lynch's One up on Wall Street
Posted: Tue Oct 29, 2019 3:18 pm
https://www.amazon.com/One-Up-Wall-Stre ... 743200403/
It picks up in the second half of the book. The the first 100 pages is all "motivational salesy stuff"(*) meat appears after the first 6 chapters. Caveat is that I don't think it will be as useful to read w/o some experience/understanding of financial analysis. Basically, you'll get a loooong list of rules but w/o the background to understand them and an experiental context to put them into, the book does make it sound like it's a lot easier than it is.
New thing I learned: The system classifying stocks into 6 different categories seems useful [to me].
(*) So the basic shtick is that retail investors can beat the market because they know about consumer trends rather before professional analysts become aware of them. The first book https://www.amazon.com/Beating-Street-P ... 671891634/ was ~100% that. In the One Up book it becomes clear that substantial analysis/due diligence is still required. The book explains this process in detail. The edge as a retailer is being ahead of the curve. (Also size to an extent.)
Approximate level for the second half is ~Graham's Intelligent Investor... but more growth than value oriented.
It picks up in the second half of the book. The the first 100 pages is all "motivational salesy stuff"(*) meat appears after the first 6 chapters. Caveat is that I don't think it will be as useful to read w/o some experience/understanding of financial analysis. Basically, you'll get a loooong list of rules but w/o the background to understand them and an experiental context to put them into, the book does make it sound like it's a lot easier than it is.
New thing I learned: The system classifying stocks into 6 different categories seems useful [to me].
(*) So the basic shtick is that retail investors can beat the market because they know about consumer trends rather before professional analysts become aware of them. The first book https://www.amazon.com/Beating-Street-P ... 671891634/ was ~100% that. In the One Up book it becomes clear that substantial analysis/due diligence is still required. The book explains this process in detail. The edge as a retailer is being ahead of the curve. (Also size to an extent.)
Approximate level for the second half is ~Graham's Intelligent Investor... but more growth than value oriented.