©1989 Peter Lynch, All Rights Reserved; (P)1989 Simon & Schuster Inc., All Rights Reserved, Sound Ideas is an Imprint of Simon & Schuster Audio Division Simon & Schuster Inc.
"...one of the greatest investors to ever buy stock." (Barron's Financial Weekly)
"All investors would do well to heed this advice." (Wall Street Journal)
"The #1 Money Manager!" (Time)
This book is a sequel to Lynch's "Earn and Learn" Where he introduced the basics of the stock market and what the numbers all mean. Here he takes the theory a little further in search of what he calls a "ten bagger" a stock that will return your purchase price 10-fold.
Lynch describes how the average individual can spot things that could take Wall St months if not years to find. He uses a theory similiar to Warren Buffetts "circle of confidence"... only invest in stocks where you have an insight into the business. He uses the example of Dunkin Donuts as his example. He drank the coffee... like it, ate the donuts, liked them and saw more stores opening in the area. This set him out to find more information on the company until he finally invested. This is one of his theories on how the average investor can "beat the street". He states that this type of research is just as good if not better than listening to the analysts and investing in stocks which you have no idea about. He claims investing in stocks in which people know nothing about is something that Wall st. often does to make a quick profit as prices rise on a hot stock. Lynch warns against this due to it's dangers and stockbroker commission, stating it's not feasible for an individual investor.
Lynch admits that this type of investing can certainly be dangerous as it's a speculative investment as opposed to investing into companies with long term history of increasing dividends and increasing profits. Yet some aspects of his theory need more research as they can sometimes glorify the profits but not give a full and clear idea of the risks.
This book is good for giving ideas on how to go about looking for the "10 baggers" as lynch calls them and there certainly have been many people to make money from this type of investment, however, I would suggest that you read some other titles on the subject. Such as " The new buffettology" by Mary Buffett and the "intelligent investor" by Graham
I don't feel this book is out dated, I believe if I can watch tutorials that explains how I can buy and sell share online I'll hit over 5 10 naggers.
This has some valuable advice, but if you have read/listened to similar books you will have heard much of it quoted elsewhere even if it originated from Pete Lynch.This was recorded as a cassette and half way through tells you to turn over the tape.
Don't waste your time on Contracts and Options.The list of things to look for when choosing a share is useful.
The introduction to each chapter with a different narrator is useful, though the production is dated.
This is a short book and was over too quickly. Worth a listen but not the best value for using your Audible monthly membership credits.
"Learning a lot."
Lynch gives some great insight into using your life's experineces as an "edge" into finding stocks, and then shows you how to research those stocks, and what to look for before choosing to invest. Finally he shows how to identify when to sell.
I've already listened to this book three times through. Each time I get somthing new from it. It is like drinking from a fire hose. I'm not sure if this is due to the abridgement, or if an unabridged version would take even more useful information and pack it even more densely into this book.
Peter Lynch does an excellent job of narrating his own book. An author narrating his own book can always be hit or miss... Lynch is a hit!
I wish he told about where to find free sources for the detailed stock research he suggests using. I'd hate to spend money on the paid services for my first few small investments, as it'd eat up any potential gains.
"A must read classic"
I enjoyed this book, althought I was expecting more advanced concepts (since I am in the investing business). Nevertheless, Peter Lynch does a great job at summarizing his investment perspective in an easy to understand manner. This book is aimed at amateur investors, and is a good place to start if you are interested in investing by yourself. But even for professionnals, I think everyone can learn from Peter Lynch. A must read for everyone interested in the stock market.
While a number of the examples he uses are a bit antiquated and the present he is speaking in regards to is 20 years ago, Peter Lynch's advice on the stock market is still quite sound. It would be excellent if he did an updated version for the 21st century, but still overall great advice for beginners needing solid philosophical footing in the stock trade.
"Enjoyable and informative"
This book was what I thought it was going to be. It was easy to understand and Peter makes it enjoyable to learn about. This is high level look at stocks and how to evaluate them. Teaches you how to develop a story for a stock and then what to look for. Would recommend for anyone interested in stock investing.
I had bought the book few years back when I started investing. Bought the audio book recently so I could listen anytime. Must read for anyone who wants to invest in the market. This book will help you to avoid many common mistakes most common investors commit. Save yourself thousands and make your self informed by spending few $. Mr. Lynch explains the many investment concepts in lay man terms.
"A master investor teaches how to win the game"
Yes. Peter Lynch, former manager of the Magellan Mutual Fund from Fidelity and arguably one of the best professional money managers in recent times, shows you how you do not need to know a lot of 'business' or investment theory to do well in investing. Mr. Lynch shows how to use your "circle of competence" (what you already know) to make good, sound investments on your own for future financial security.
The examples he uses about how he found some great investments... tasting a burrito from Taco Bell while on the road... or staying at Quinta hotels. The examples provide some good illustrations of how to use our everyday interactions with businesses to find some good investments that the "professionals" may not yet be aware.
Yes... I listened to it while on a fairly long drive.
"Great for beginners"
This was a great listen. It teaches the beginner how to go out on his own and not rely on anyone else to tell him what to invest in. I'll listen to this over and over so I can catch anything I missed the first time.
"not the whole book"
I was expecting this was the whole book. My bad didn't look how long it was...This book however suits me best on how to find good stocks...
"Must read book to understand basics of investment"
Book has the valuable experiences of investment shared by Peter Lynch.Every chapter is connected so there is a flow . Must have one
Great book to learn the fundamentals on stock picking! Perfect way for beginning investors to learn the ropes.
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