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Summary

Peter Lynch, one of the most successful investors of all time, shows you how to use what you already know to make money in the market. You'll discover why smart money is not so smart - and why you may be a better stock picker than the pros, how to follow your hunches and back them up with facts, how to disregard reports on the economy and pick your own time to buy and sell, and how to determine which types of stocks are right for you. Lynch is the former manager of the $9 billion Fidelity Magellan Fund, where he earned investors a $190,000 return on a $10,000 investment.
©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.

Critic reviews

"...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)

What members say

Average customer ratings

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  • Overall
    4 out of 5 stars
  • Gavin
  • DublinIreland
  • 17-11-09

Some good ideas!

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

5 of 5 people found this review helpful

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    5 out of 5 stars
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Great tips and tricks

Easy to use and apply tips and really helps out for a beginner on what to look out for and observe - great book

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  • LC
  • 23-08-18

Good but too short

Good but too short without enough detail or explanation. Key concepts and things to take into account were described, as well as what to ignore/disregard. But details of how to calculate or assess the factors described are limited.

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Must read after the intelligent investor

The narrator is very good, but if some background emotion can be added then it would be added advantage, also if subtitles can be added with then it would be most helpful

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    3 out of 5 stars

unnecessarily long although its a short book

all could have been said in half an hour.its good that peter narrates and he makes a great job of it

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    4 out of 5 stars
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    4 out of 5 stars

Good investing book, covers the basics

Burned through it in a few hours. A simple decent investing book that covers the basic rules to follow.
However if you are seeking more technical detail & analysis on investing in equities then I'd avoid as you will probably of read much of the content elsewhere already!

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    5 out of 5 stars

Getting the basics of investing right.

Very clearly explains how to get the fundamentals right. Shame sometimes it's a bit dated.

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  • Shorty
  • RICHMOND, SURREY United Kingdom
  • 12-12-17

great

my only complaint is that this book is a bit shortI've got to say that it is nice and clear

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Good Read

Good read; covers all essentials really well. Easy to follow- finished in one sitting. Good narration as well.

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  • Manuel
  • Huddersfield
  • 14-03-16

Great book

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.

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  • Overall
    4 out of 5 stars
  • Ken
  • 03-01-06

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.

16 of 16 people found this review helpful

  • Overall
    4 out of 5 stars
  • Kevin
  • 06-06-10

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.

10 of 10 people found this review helpful

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  • Mallorie
  • 05-12-15

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.

3 of 3 people found this review helpful

  • Overall
    5 out of 5 stars
  • Shawn
  • 29-06-07

Sound Advice

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.

3 of 3 people found this review helpful

  • Overall
    5 out of 5 stars
  • Sankar
  • 20-12-10

Beginners bible.

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.

2 of 2 people found this review helpful

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    5 out of 5 stars
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  • Mechanical Engineer
  • 22-11-18

Invest in what you know

This really proves how investing isn't a professional only thing. Peter Lynch makes it interesting with how he tells his story. This was a lot more attention grabbing then Grahams Intelligent Investor. Looking forward to doing research and applying Lynch's story principles.

1 of 1 people found this review helpful

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    3 out of 5 stars
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  • Iregretbuyingthis
  • 10-02-17

A bit dated

The main underlying concepts still applicable but need to be adjusted for the times. I would listen to this book with a grain of salt.

1 of 1 people found this review helpful

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  • Dan
  • 05-09-15

Down to earth

What a nice man it seems. It feels as if you are sitting in a room with a good friend listening to some great advice. Just a tad out dated but if you just think it through everything in here very much applies today. Except for maybe the P/E.

Thanks Peter.

1 of 1 people found this review helpful

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  • Anonymous User
  • 17-01-19

Great book!!!

I am a financial advisor and lawyer constantly looking for different perspectives on investing so I decided to pick up this book. Absolutely loved the theories espoused in it. There was not one thing the author said that I disagreed with, including to stay miles away from options and short selling. This book reinforced many things I already knew and also taught me many new things. I would recommend it to anyone, particularly the fledgling investor. I am planning to relisten to it.

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    1 out of 5 stars
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  • Amazon Customer
  • 09-01-19

The Audio Book Sucks

How bout this audiobook actually follow what’s written in the actual book. That would be really nice.