Frankly, there is no way to separate investing from gambling into those neat categories that are meant to reassure us.' This has some valuable advice, but if you have read/listened to similar books you will have heard much of it quoted elsewhere even if it originated from Pete Lynch.This was recorded as a cassette and half way through tells you to turn over the tape. Nobody believes in long-term investing more passionately than I do, but as with the Golden Rule, it's easier to preach than to practice. Nevertheless, this generation of investors has kept the faith and stayed the course during all the corrections mentioned above. Judging by redemption calls from my old fund, Fidelity Magellan, the customers have been brilliantly complacent. Only a small percentage cashed out in the Saddam Hussein bear market of 1990.

Anyone can do it. Again that’s what Lynch tells us. He argues that anyone can find tenbaggers, that is, companies that will multiply their price by ten. The old Wall Street adage "never invest in anything that eats or needs repairs" may apply to racehorses, but it's malarkey when it comes to houses.”When oil prices go down, it obviously has an effect on oil-service companies, but not on ethical drug companies One Up on Wall Street has the potential to radically improve your finances, if you turn the knowledge into practice. This time-proven book can help any individual or institution spot valuable investment opportunities. Peter Lynch is not only one of the best investors of the twentieth century but also an excellent writer. You could do worse than get an education from him in just a few hours. Who would I recommend the One Up on Wall Street summary to? Growth" isn't synonymous with "expansion", the is a misconception. E.g. Philip Morris in a cigarette consumption in U.S. is growing at about -2% a year. Philip Morris managed to increase earnings by lowering costs and especially by raising prices. That's the only growth rate that really counts: earnings. Büyük ihtimalle daha az hata yapılacak olan sektörler çünkü bunlar. Kitapta bolca yaptığı hatalara değiniyor Lynch. Özeleştirilerinden dersler çıkarmamızı istediğini düşünüyorum. (Bir de bu işin doğasında bu hatalar var. Onun için çeşitlendirme, yumurtaları aynı kaba koymama elzem.) Bu dersleri özetler halinde tekrar sunduğu kısımları arada gözden geçirmekte fayda var. Şirketleri ayırdığı kategoriler bile çok şey söylüyor. Benim ağır tempolu - döngüsel şirketle ne işim var bunu niye aldım derken bulabiliyorsunuz kendinizi?

When I'm interested in a company because of a particular product, the first thing I want to know is what the product means to the company in question. What percent of sales does it represent? Pampers was more profitable than L'eggs, but it didn't mean as much to the huge P&G. Sometimes there are inefficiencies in the holdings relationships. e.g. A holds 25% of B, but B's value alone is more than A market cap, then you can buy A.It's often said a bull market must scale a wall of worry, and the worries never cease. Lately we've worried our way through various catastrophic "unthinkables": World War III, biological Armageddon, rogue nukes, the melting of the polar ice caps, a meteor crashing into the earth, and so on. Meanwhile we've witnessed several beneficial "unthinkables": communism falls; federal and state governments in the United States run budget surpluses; America creates seventeen million new jobs in the 1990s, more than making up for the highly publicized "downsizing" of big companies. The downsizing caused disruption and heartache to the recipients of the pink slips, but it also freed up millions of workers to move into exciting and productive jobs in fast-growing small companies. In centuries past, people hearing the rooster crow as the sun came up decided that the crowing caused the sunrise.