Apart from Graham’s The Intelligent Investor, there is no better book to get started for beginners in the stock market than Peter Lynch’s One Up On Wall Street.
The real beauty of this book is the easy-going review of the simplistic stock picking style that brought Lynch so much success in his profession as a fund manager at the US mutual fund company, Fidelity.
This book is 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 markets.
Using humour, Lynch helps you discover that he is a normal guy 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.
Anyways, as I was re-reading the book, here is something I came across that can be termed Peter Lynch’s Cocktail Party Stock Market Indicator.
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