One Up On Wall Street
Library · Investing
- Author: Peter Lynch
- FinSimLab rating: 4/5
- Reading: Moderate
- Finance level: Intermediate
- Published: 1989
How an individual investor can find companies from what they see in everyday life.
What it covers
Lynch, who ran Fidelity's Magellan fund, argues that individuals can spot good companies before professionals do if they know an industry or its products, as long as they then study the accounts. He sorts companies into six types by growth and situation.
What you will learn
- How to classify a company by its growth profile.
- Which figures to check before buying: earnings, debt and P/E.
- Why knowing the business matters more than following the share price.
Who it is for
People who want to start analysing individual stocks with a practical approach.
Concepts
Stocks, Business quality, Valuation
What you will not learn
Discounted cash flow valuation or portfolio-level risk management.
Already read a book on this?
- It shares analysing the business before buying a stock with Common Stocks and Uncommon Profits. If you have read Common Stocks and Uncommon Profits, this one mainly adds a practical approach to get started. Common Stocks and Uncommon Profits
We suggest you continue with
Related Academy guides
- How to do a basic fundamental analysis of a stock
- P/E ratio explained: how to value a stock
- How to read a company's income statement
- Company debt: net debt to EBITDA, interest cover and maturities
Put it into practice
More investing books
- The Intelligent Investor
- A Random Walk Down Wall Street
- The Little Book of Common Sense Investing
- The Simple Path to Wealth
- Common Stocks and Uncommon Profits
- The Little Book That Beats the Market
- The Most Important Thing
- The Little Book of Valuation
Descriptions written by FinSimLab for educational purposes. They do not summarise the books and are not investment advice.