Miniature Edition
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I was shocked as well when I received the book as it is just a frase book... Be careful and do not order it by mistake, as by the comments below I can tell I have not been the only one!!!
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Who wishes to beat the market
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The main idea of "One up on Wall Street" is to beat the market by choosing a small portfolio of stocks of 3-10 companies that grow at a higher rate than the market average. The book doesn't cover mutual funds, index funds and exchange-traded funds, because the author claims that "if you don't think you can beat the market, then buy a mutual fund and save yourself a lot of extra work and money".
The book encourages you to become an aggressive investor, who has a good understanding of financial markets; is comfortable with taking risks with their investments; is not concerned about short-term volatility (fluctuation in returns); and invests for the longer-term. This encouragement is done in a very friendly tone, it is easy to understand, and quite well explained, with enough humor and variety.
I would also recommend the unabridged audio version in addition to this paperback edition.
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the way to win
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I have been reading a few books about the stock market lately. So far, it is the book that has inspired me most.
I have noticed that most of the truly big winners in the stock market are long-term investors, which indeed challenges my desire to make a quick money in the stock market. I have tried to adjust my attitude toward stock market thanks to the inspiration given by the books I read recently, especially "One Up on Wall Street". To be specific, I found Part II of the book, Picking Winners, is very useful to me. It gave me an opportunity to review the tactics I have used so far.
I think that this book should be useful to you as well, as long as you want to stay in the stock market with a long-term view.
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Sound logic from a seasoned pro
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Having been an investor in The Magellan Fund for many years I found this book a fascinating read. The author, a professional fund manager (now retired I believe), opens up his entire "playbook" of strategies and its impossible for any reader not to finish reading this publication wiser.
I particularly liked his no nonsense approach to researching companies and their products. It's a strategy anyone can follow but very few seldom do. Going to the shopping mall to see which shops are busy, then going in those shops to see which products are selling well might not seem very technical but I love his logic. Such an approach would have definitely saved a few thousand people, hundreds of thousands of dollars during the dot.com boom that's for sure.
Although this book has been around for sometime, its content is timeless.
A must read.
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Packed with Knowledge!
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This book has become a classic of personal investment literature for good reasons. For one thing, watching Lynch lampoon Wall Street and its cadre of institutional investors is rich fun. He is, perhaps, the foremost money manager in the U.S., thanks to the success of Fidelity's multibillion-dollar Magellan Fund. Lynch says that when E.F. Hutton speaks, the average investor ought to take a nap. Although this is an updated edition, most of the content dates to "pre-bubble" 1989. As such, it offers haunting warnings about stocks with inflated price-to-earnings ratios. Warning to novice investors: Lynch is a Wharton grad who's been in the market since his college days and, as such, he tends to see stocks as simple and straightforward. Like the "Oracle of Omaha," Warren Buffett, he's a quintessential value investor who looks for undervalued companies in nuts-and-bolts industries. The difference, as Lynch puts it, is that he buys those companies' stocks, while Buffett buys those companies. We strongly recommend this book to those who govern their own portfolios.
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