One Up On Wall Street: How To Use What You Already Know To Make Money In The Market

Great writing (clear, concise, and thorough) & great material. Look elsewhere if you are looking to (a) time the market, (b) find the "holy grail" to investing, (c) day trade, and (d) make money fast. But if you want clear, no non-sense material on how Peter became one of the greatest and most successful investors then read this book. The material is relevant to today (2018) and will likely continue its relevance as long as behavioral finance remains relevant. One key point that stuck with me is how nobody knows what will happen in the market and the only thing a person can do is to place the odds significantly in her favor. Peter does a create job showing hon "smart money" and Wall Street in general (along with its news, analysts, & price targets) is all hogwash. A must read for all investors - especially those starting out (so you can avoid blowing up your account) but equally important for intermediate to experienced investors to remind them to keep the odds in their favor (& not blow their account).

Read it a few times, great 📖 book

Book is complete in pages , 10.10 on the pages no marks

In this book the author stresses the advantages the individual investor,or dumb money has over the Institutional investor or smart money. I disagree with this assessment because even if institutional money is dumb,it is able to move the price significantly in the short and intermediate term. Actually one argument the author makes is that institutions hold a lot of shares and need several weeks or even months to build or exit a position, while the individual investor can act quickly. This also implies that an institution exiting a stock can keep the price moving down for several weeks or even months before it recovers. While I do realize that the author is referring to long term investing, at least for me I will be quite concerned to see the stock I just established a position keep dropping. The author appropriately suggests that you should do your own research and ignore everyone else including him, since they could be wrong, or you do not know whether a guru is still in his position or sold it. However, to ignore institutional activity that can profoundly influence price, you must have an unshakable faith in your ability to pick stocks, which at least in my case I do not believe is a good strategy. Having said that the book does give a decent road map to picking stocks based on fundamental parameters. I suggest that before buying a stock as an investment a person should look at the technical behavior of the stock to at least tell whether institutions are accumulating or distributing shares. This way you can buy a stock that has the right fundamentals for being a good investment at the right time.

Considered a top 5 classic in investment world.

This book purports that anyone can beat professional investors with a few hours of work on a particular stock, once a good candidate is identified. However this is nonsense -- like any enterprise, success in active investing is highly correlated with the amount of time and energy one devotes to it. Instead anyone could beat many professional investors with almost no effort by sticking with a passive Bogle / Mr. Money Mustache approach of using only a total market index fund. Such an approach is absent from this book. One of the first "lessons" in this book is to ignore the rest of the stock market when selecting individual stocks. However in the much more timeless "Reminiscences of a Stock Operator," Jesse Livermore stresses the importance of first establishing whether or not one is in a bull or bear market. This is because *all* stocks tend to rise in a bull market and fall in a bear. Livermore recognized this almost 100 years earlier, and it is still applicable today! For real advice for full-time active traders/investors, I instead recommend "Market Wizards." Schwager's interviews cover important lessons in risk control and discipline.

For those new to the stock market (I began 50 years ago, after writing a 30-page paper on it as a high school sophomore), this is the one book I would recommend. I think the 1989 original is the one to read -- later editions, maybe not. Lynch was a genius at picking stocks, and his advice is plain, simple, and down-to-earth. If you follow it -- and ignore virtually everything else -- you will outperform the market. And in the meantime, you will have an entertaining book to read.

You know a book is great when you read it front to back non-stop in one sitting. This is was one of those books. I wish I had discovered this book much earlier in my investment career. Despite reading this book in 2021, I found the ideas expressed to be very much applicable in today's market environment. Peter Lynch expresses his thoughts and ideas concisely and in a very succinct manner that makes it both useful to both newcomers and veteran investors.

Mr. Lynch covers the ground in The Intelligent Investor but with more humor. Informative and amusing. One two three four. (4 more words required, it said. Unglaublich!)

I cannot wait to download this lovely knowledge

It’s one of the must read books in investing. I recommend 100%. It’s a very easy read and full of practical tips.

Great insightful book to study with

Lynch is an investing legend and in this book he goes through his investing style which is still applicable in today's trading environment. The charts may look dated but there is still lots to learn from his vast experience. I would recommend this book to any beginner in the world of trading.