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Value & great businesses

One Up on Wall Street

Peter Lynch

Your everyday life is a stock-screening tool - you often spot great businesses as a customer before Wall Street does.

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Chapters

14
  1. Chapter 01The Amateur's EdgeAn ordinary person who watches products and shops around them can spot great companies before the professionals do.Read this chapter →
  2. Chapter 02Before You Buy a StockStocks aren't gambling if you buy businesses you understand - but first make sure your finances and temperament are ready.Read this chapter →
  3. Chapter 03Is This a Good Market? Please Don't AskNobody can reliably predict the market or economy, so don't wait for the 'right' moment to buy good companies.Read this chapter →
  4. Chapter 04Stalking the TenbaggerA single stock that rises tenfold can rescue a whole portfolio, and you often find them in your own backyard.Read this chapter →
  5. Chapter 05The Six Categories of StocksEvery stock fits one of six types - slow grower, stalwart, fast grower, cyclical, turnaround, asset play - each judged by different rules.Read this chapter →
  6. Chapter 06Good Story, Bad StoryThe best companies are often boring and ignored; the dangerous ones are the glamorous 'hot' tips everyone is chasing.Read this chapter →
  7. Chapter 07Earnings, Earnings, EarningsOver time a stock's price follows its earnings, so the real question is whether the company can keep growing profits.Read this chapter →
  8. Chapter 08The Two-Minute DrillIf you can't explain in two minutes why you own a stock and what must go right, you're not ready to buy it.Read this chapter →
  9. Chapter 09The Numbers That MatterA few key numbers - above all the P/E compared with the growth rate - tell you whether a good company is a good buy.Read this chapter →
  10. Chapter 10Rechecking the StoryOwning a stock isn't set-and-forget - re-check the story every few months to see if it still holds.Read this chapter →
  11. Chapter 11Designing a PortfolioYou don't need dozens of stocks - own as many good companies as you can actually keep up with, mixing categories.Read this chapter →
  12. Chapter 12The Best Time to Buy and SellSell a stock because its story got worse or its price ran far ahead of earnings - never just because it moved.Read this chapter →
  13. Chapter 13The Silliest Things People Say About PricesA stock isn't cheap just because it fell or dear just because it rose, and a fallen stock doesn't have to come back.Read this chapter →
  14. Chapter 14Avoid the CasinoOptions, futures and shorting are fast ways for amateurs to lose money; stick to owning good businesses and think for yourself.Read this chapter →

This is my own plain-English understanding of the book’s ideas, in my own words with my own ₹ examples, laid out against the book’s real chapters so you can relate the two. It is not the book and reproduces none of its text - if it helps, please buy the book. Not affiliated with the author or publisher. The author is not SEBI-registered; nothing here is investment advice.