ONE UP ON WALL STREET by Peter Lynch One Up On Wall Street by Peter Lynch and co-authored by John Rothchild is an account of stock investor. He was the Fund Manager of ‘Fidelity Magellan Fund’. Though, Lynch’s journey to success started from humble beginnings…
Download file to see previous pages...
This contact helped Lynch to shape up his career in an amazing way. While caddying for this big-wig Lynch became quite intrigued about stocks (Lynch, 49). This interest about stocks also reflected in his educational career. He is an MBA with Finance major from University of Pennsylvania’s eminent Wharton School. Then he chanced upon to do his summer job in Fidelity due to urging of Sullivan who worked as President of the organization. After his completion of MBA he served army for 2 years and joined Fidelity as Research Analyst (Lynch, 36). After that he took over Magellan Fund and it was the first fund he managed. After managing the Magellan for 12 years he retired from this sector (Lynch, 42). He wrote his experiences and thoughts in the book named ‘One Up on Wall Street’. This book was first published in 1989 and it gained a huge popularity. This book breaks many myths about investments and explains about various precautions when an individual is making an investment on shares and securities. This book also shares Peter Lynch’s experiences during his stint as Fund Manager in ‘Fidelity Magellan Fund’. Lynch’s work offers many suggestions to ordinary investors about making investment, selecting stocks, different possibilities in investment and preparing one-self to take the plunge for making investment. The work also suggests in favor of making long-term commitment when investing on stocks and securities. The approach of the author at the initiation phase of the book was to enlighten the reader on making investment at individual stock. He explained preparation of investing needs mental ability; it needs planning, patience, humility and detachment to succeed as an investor. Peter Lynch with his straightforward approach and simple selection of words conveyed an ultimate truth; that is an ordinary investor may be as good as or better than a professional investor. He meant to say, ordinary investors could also be good in selecting right kind of stocks. He added; to select right kind of stock an individual have no need to be a professional with knowledge base on economic theories and interpreting charts. Furthermore, he states, there is no need to be a financial analyst and acquire knowledge about economical prediction of corporate world. According to Peter Lynch, right stocks may be the one, which has never been analyzed by the financial analysts. May be the right stocks never gone under the scrutiny of tycoons or corporate for acquisition. Moreover, he states a right stock may have funny sounding name and may be lying low in the mad rush of the stock market. In this book he shared his experiences about acquiring different stocks. He also shared how he used to decide in which stocks to made investments and what are the factors, which influenced his buying decision. He also shared some real life examples with his readers about this kind of situation. He also narrated a story about getting tip about a new car from its driver and after that he thought the company may earn huge profit and its share price may increase in future. Then he checked the company’s financial details like P/E- ratio, earnings of the company and dividends paid to its shareholders. Then he invested funds on the company. He also mentioned that any ordinary investor could do going through the basic financial details of the company. Ultimately, this stock helped him to earn good return. He also narrate
...Download file to see next pagesRead More
Cite this document
(“Book Review: One up on Wall Street by Peter Lynch Report/Review”, n.d.)
Retrieved from https://studentshare.org/finance-accounting/1428895-book-review-ypone-up-on-wall-streety-by-peter
(Book Review: One up on Wall Street by Peter Lynch Report/Review)
“Book Review: One up on Wall Street by Peter Lynch Report/Review”, n.d. https://studentshare.org/finance-accounting/1428895-book-review-ypone-up-on-wall-streety-by-peter.
More importantly, Lewis takes his readers through the Wall Street culture of refusing to handle or admit the problem. Lewis revisits his financial base to unearth the predicament of 2008 economic crisis, utilizing his skill of glancing through the private stories of a number of Wall Street outsiders who were putting money in order to study anecdote of overwhelming greed and fear that caught Wall Street before the crisis formally began with the fall of Lehman Bros in September 2008.
Just as I did, Sis had left the country due to the political tensions in Czechoslovakia at the time. To some extended, this unique illustrated book reflects the exodus that was common at the time not just for Sis and me, but for many who had to build our lives from other countries that were more accommodative to our views on humanity.
Pettis has blamed the savings and consumption patterns of certain nations for the current financial crisis.(Pettis) According to the author, China has lost a decade of economic growth, as it went on a massive investment growth by deliberately lowering the cost of capital.
For business reporting, Auletta's narrative is exemplary, though it does slow down the pace of the book. It recounts details gathered from interviews with key characters in the story.
The paper then discusses the main theme of the book, which revolves around lust for greed and glory and how it spells the doom of Lehman Brothers.
stock market will also be presented. Relevant theories from different economists will be presented and compared with Henwood's point of view in respective issues. Final section of the paper will review Henwood's idea of what to be done to fix the U.S. financial system.
Kesey goes deeper than the character's vocal expressions. He uses their actions, thoughts, past history and their reactions to others to aid in the progression of his story. One of the strongest personal voices that influences this story is the voice of the Chief.
The first three chapters of Part I deal with the ubiquitous presence of corn in supermarkets, the history of corn’s expansion throughout the Americas, and the many advantages that this species of grain brings to
Sale is interested in evaluating the effects of the Columbian voyages on the native American population, environment, and later public and official opinion. The book The Conquest of Paradise is a demythologizing biographical adventure