One up on Wall Street: How to Use What You Already Know to Make Money in the Market (Paperback)

~ (Author), (Author) "Before you think about buying stocks, you ought to have made some basic decisions about the market, about how much you trust corporate America, about..." (more)
Key Phrases: Wall Street

Editorial Reviews

From Publishers Weekly

The authors argue that average investors can beat Wall Street professionals by using the information gleaned from everyday life. "Investors will be able to put the shrewd insights presented to good use," remarked PW. 200,000 first printing.
Copyright 1990 Reed Business Information, Inc.

Review

Anise C. Wallace The New York Times Mr. Lynch's investment record puts him in a league by himself. -- Review --This text refers to an alternate Paperback edition.

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Product Details

• Paperback: 320 pages
• Publisher: Penguin (Non-Classics); Other Printing edition (February 1, 1990)
• Language: English
• ISBN-10: 0140127925
• ISBN-13: 978-0140127928
• Product Dimensions: 8.4 x 5.5 x 0.8 inches
• Shipping Weight: 6.4 ounces
• Average Customer Review: 4.1 out of 5 stars  See all reviews (183 customer reviews)
• Amazon.com Sales Rank: #42,186 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

158 of 173 people found the following review helpful:

5.0 out of 5 stars Be smart and BUY this book!, February 2, 2001

By	Lance Mead (Traverse City MI) - See all my reviews

This review is from: One Up On Wall Street : How To Use What You Already Know To Make Money In The Market (Paperback)

This is the first book I ever read on investing. My cousin, Paul, who was a broker at Merrill Lynch, recommended it to me. I followed Paul into the financial services industry, toiling 12 long years peddling stocks, bonds, mutual funds and insurance products. During my tenure as a Wall Street professional (I use that term very loosely), I must have read 200 different books on investing. Oddly enough, I have discarded many of those poorly written investor guides and still refer back to this classic book penned by Peter Lynch, mutual fund demigod, investment guru, stock-picking legend!

At the heart of Lynch's case is that each individual has enough inherent knowledge and experience to be a successful investor. He uses numerous analogies to show investors:

1. The power of common knowledge (take advantage of what you already know) 2. You don't need to be a Wall Street analyst to uncover great investment opportunities 3. You are not disadvantaged vs. large, institutional investors You don't have to accurately predict the stock market to make money in stocks 4. To keep an open mind to new ideas

From my years on Wall Street, I found many of his theories and ideas to be completely accurate. Many other books I have read focus on the inherent evils of the possessed financial consultant community. Yes, the industry has its problems. However, $8 stock trades are not the only ingredients in profitable investing. In fact, I don't recall him emphasizing the need for discount trades, a fact over-emphasized in almost every other book I have read (remember, I am no longer in the industry...I don't need to strike a case for broker commissions). Instead, he shows you what information to focus on and how to apply it.

Do yourself a favor: Buy this book. Read it twice. It is not outdated...it is timeless. Yea, I know, you already know it all. My advice is to lose the ego and take a refresher course on common sense investing. When you finish, put it on your bookshelf. Do not give it to your kids or neighbors; buy them their own copies. This is a great book!

129 of 144 people found the following review helpful:

5.0 out of 5 stars Great beginners' investment advice, April 28, 2000

By A Customer

We really do know more than we think about investing. This book shows you how to apply your knowledge to make good investments.

But, like many people, I didn't have spare money to make investments with.

So I also recommend the book, SIMPLE MONEY SOLUTIONS, because it showed me and my kids how to "free up cash" every month without feeling deprived.

I highly recommend both books!

111 of 126 people found the following review helpful:

5.0 out of 5 stars The 2 Best Money Books of 2000, May 20, 2000

By	Bob (New York, NY) - See all my reviews

This review is from: One Up On Wall Street : How To Use What You Already Know To Make Money In The Market (Paperback)

When it comes to picking stocks, Peter Lynch is my hero. He's insightful and inspiring. But I needed answers to money questions beyond picking stocks.

"SIMPLE MONEY SOLUTIONS" by Nancy Lloyd was recommended by both MONEY magazine and MORNINGSTAR so I decided to take a look. For years I've enjoyed listening to Bob Edwards interview Nancy Lloyd about a wide range of money matters on NPR's "Morning Edition" and I liked the way she could explain complex information in clear and easy-to-follow terms. Her financial credentials are superb (unlike the hacks who have been spewing psychobabble on PBS Pledge shows). "SIMPLE MONEY SOLUTIONS" is entertaining and extremely useful.