The Practical Way

Monday, 22nd June 2009

“One Up On Wall Street” by Peter Lynch

Written by George Traganidas Topics: Books, Stock Investing

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This book is one of the classics on stock investments. Peter Lynch was the head of the Magellan Fund in Fidelity Investments from 1977 to 1990 and the fund average was 29.2% return during that period. This is a very impressive return when you consider that the market average is about 11% and that 80% of the fund managers fails to beat the average.

In this book, Peter Lynch shares some of his secrets on how he managed to get this returns and explains how ordinary investors can do the same and achieve higher returns that the professionals. He introduces ideas like the “ten bagger” that refer to an investment which is worth ten times its original purchase price.[...]

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