Perhaps the information contained in this book will set some errant stockpickers on a more profitable path. If they’d done better on their own in this mother of all bull markets, they wouldn’t have migrated to funds to the extent they have. But it also must mean a lot of amateur stockpickers did poorly with their picks. The fund bonanza is okay by me, since I managed a fund. More than one million copies have been sold of this seminal book on investing in which legendary mutual-fund manager Peter Lynch explains the advantages that average investors have over professionals and how they can use these advantages to achieve financial success.Americas most successful money m. More than $4 trillion of that new wealth is invested in mutual funds, up from $275 billion in 1989. If this keeps up, somebody will write a book called The Billionaire Next Door. The market at large has created $25 trillion in new wealth, which is on display in every city and town. Author and investor Peter Lynch, with the help of author John Rothchild, explains that investors do not have to work at high-profile finance. More than one million copies have been sold of this seminal book on investing in which legendary mutual-fund manager Peter Lynch explains the advantages.
One up on wall street audio book how to#
households own stocks or mutual funds, up from 32 percent in 1989. One Up on Wall Street: How to Use What You Already Know to Make Money in the Market (1989) guides fledgling investors through the process of how to pick stocks and build a winning investment portfolio. Some rebound! The Dow is up more than fourfold since October, 1990, from the 2,400 level to 11,000 and beyond - the best decade for stocks in the twentieth century. But then the war was won, the banking system survived, and stocks rebounded. Stocks suffered one of their worst declines in recent memory. The country’s major banks flirted with insolvency, and a few went belly up. For the moment, the pessimists looked smart. They congratulated me for getting out at the right time - just before the collapse of the great bull market.
I left Magellan in May, 1990, and pundits said it was a brilliant move. It’s been a remarkable stretch since One Up on Wall Street hit the bookstores in 1989. Who knew it would go through thirty printings and sell more than one million copies?
This book was written to offer encouragement and basic information to the individual investor.
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