Sign in with Facebook
Reading Harbor's Reviews > One Up On Wall Street: How to Use What You Already Know to Make Money in the Market
One Up On Wall Street: How to Use What You Already Know to Make Money in the Market
by
by
This is one of my favorite financial advice books ever.
Peter Lynch was a genius of his time. His detractors can argue the reasons WHY he was successful (luck, timing, etc.) but it is hard to argue with the fact that he was immensely successful.
In this now famous book, Peter describes how he came about developing his strategy for success. He talks about his past, his victories, and some of his failures. He describes everything that happened in an easy to read, colloquial sort of way. Anyone, including non-financially literate folks, can understand this.
My background is not in financial services. Unlike some other books, which I found difficult to follow (ex. The Intelligent Investor), this book talks about finance in a simple but erudite fashion. That way you are not bogged down by the complex verbiage. You can get the concept faster.
I am still applying the tips I found in here.
PROS:
* Very well written and easy for any lay person to understand
* Reads like a story, goes over some of Peter's personal successes
* Gives specific examples based on Peter's life experience
* Describes also his failures, so it gives a balanced view
* Uses common sense and explains things in ways that are logical. (For example: He points out many investors try to time the market, instead of focusing on researching companies or using knowledge that they have which gives them a personal edge.)
* Timeless. There is a reason this book is consistently rated 4+ on Good Reads, Amazon, and other book reviewing sites. It's one for the masses.
CONS:
* Some of the tips do require you to actually have some financial networks or resources to apply. (Nonetheless, I think this is a small issue because there is still a lot you can get out of this book from the things ordinary people could apply. If you are resourceful, you can think of ways to apply his concepts without being the VP or CEO of some financial company.)
Of course, any book will only be as valuable as what you personally take out of it. If you are already a savvy financial guru, then maybe you don't need to read this. If you have read 10000 financial books, maybe this is too easy or basic for you. If you are intimately connected with the financial sector, again, why are you reading books that are intended for the ordinary masses?
This book is stellar!
Peter Lynch was a genius of his time. His detractors can argue the reasons WHY he was successful (luck, timing, etc.) but it is hard to argue with the fact that he was immensely successful.
In this now famous book, Peter describes how he came about developing his strategy for success. He talks about his past, his victories, and some of his failures. He describes everything that happened in an easy to read, colloquial sort of way. Anyone, including non-financially literate folks, can understand this.
My background is not in financial services. Unlike some other books, which I found difficult to follow (ex. The Intelligent Investor), this book talks about finance in a simple but erudite fashion. That way you are not bogged down by the complex verbiage. You can get the concept faster.
I am still applying the tips I found in here.
PROS:
* Very well written and easy for any lay person to understand
* Reads like a story, goes over some of Peter's personal successes
* Gives specific examples based on Peter's life experience
* Describes also his failures, so it gives a balanced view
* Uses common sense and explains things in ways that are logical. (For example: He points out many investors try to time the market, instead of focusing on researching companies or using knowledge that they have which gives them a personal edge.)
* Timeless. There is a reason this book is consistently rated 4+ on Good Reads, Amazon, and other book reviewing sites. It's one for the masses.
CONS:
* Some of the tips do require you to actually have some financial networks or resources to apply. (Nonetheless, I think this is a small issue because there is still a lot you can get out of this book from the things ordinary people could apply. If you are resourceful, you can think of ways to apply his concepts without being the VP or CEO of some financial company.)
Of course, any book will only be as valuable as what you personally take out of it. If you are already a savvy financial guru, then maybe you don't need to read this. If you have read 10000 financial books, maybe this is too easy or basic for you. If you are intimately connected with the financial sector, again, why are you reading books that are intended for the ordinary masses?
This book is stellar!
Sign into Goodreads to see if any of your friends have read
One Up On Wall Street.
Sign In »
