This article was originally published in June 2012. I was re-reading Lynch’s book and thought of re-publishing these amazing lessons again.
Apart from Benjamin Graham’s The Intelligent Investor, there is no better book to get started for beginners than Peter Lynch’s One Up On Wall Street.
The easy-going and simplistic stock picking style discussed in this book brought Lynch great success in his profession as a fund manager at the US mutual fund company, Fidelity.
The best part about this book is that it’s low on number crunching but high on anecdotal stories. Moreover, readers are given a clear picture on how to get off to a good start in the stock market.
One Up On Wall Street offers insight into the mind of one of the greatest money managers of all times.
Lynch helps you discover that he is a normal guy (like you and me) who thinks rationally, believes in doing his own independent research on companies, asks plenty of questions, and gets caught off guard by the market at times, just like anyone else.
Anyone thinking about buying individual stocks must read this book before they ever make their first stock purchase.
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