One Up On Wall Street
by Peter Lynch, John Rothchild · first published 1989
74% recommend26% neutral
Why HN recommends it
Accessible introduction to stock picking from a famed fund manager: use everyday observations of products and companies you understand to find undervalued stocks. Suits beginners moving toward fundamental investing.
Summarised by Claude from recommending comments
The manager of a top investment fund discusses how individuals can make a killing in the market through research and investment techniques that confound conventional market wisdom.
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Mentions per year
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I'm re-reading Peter Lynch's classic "One up on Wall Street" at the moment. He's a big advocate of share buybacks over dividends (unless Apple can some up with something else to do with the cash.) Warren Buffett is also. Buybacks reduce the number of shares outstanding…
on “Apple Reports First Quarter Results” ↗…Freedom".) 2. Also "chapter 6 - How to make wealth" from "Hackers and Painters's chapter 6 - " 3. "The Way to Wealth by Benjamin Franklin" Investing books in this order 1. Peter Lynch's One Up on wall street 2. The Intelligent Investor (Ben Graham) 3. Common Stocks and Uncommon Profits 4. Security Analysis (Ben Graham) 5. The Warren Buffet Way is a famous business read not exceptional but…
on “Ask HN: Best books/source to learn about investing?” ↗…quick, you'll be in trouble. But if you invest in solid companies that you understand, you should do well. Provided you do your homework, of course. I'll reiterate Peter Lynch's excellent advice from "One Up on Wall Street" - if the stock drops but the fundamentals still make sense, stick around to see how the story develops.
on “Tesla stock tumbles after Model S catches fire” ↗The Intelligent Investor by Benjamin Graham One Up on Wall Street by Peter Lynch
on “Ask HN: What are the must-read books about economics/finance?” ↗…How It Works and for Whom Levitt, Arthur (2003) Take on the Street: How to Fight for Your Financial Future Lewis, Michael (2010/1989) Big Short; Liar's Poker Lynch, Peter and John Rothchild (2000) One Up on Wall Street, 2nd ed. Mishkin, Frederic (2004) Economics of Money, Banking and Financial Markets, 7th ed. Taleb, Nassim Nicholas (2005/10) Fooled by Randomness, 2nd ed.; Black Swan: Impact of the Highly Improbable,…
on “Ask HN: Book recommendations for understanding financial systems?” ↗…companies that own big chunks of other companies. Their example was AT&T being cheap, but owning big chunks of cell phone companies. We sorta saw the same thing play out with Yahoo and Ali-baba. Peter Lynch! One up on Wall Street! Probably super dated now, but was a pretty interesting perspective on trying to see things other people didn't see.
on “Reddit's Stock Threads Become a Must-Read on Wall Street” ↗One Up On Wall Street, Peter Lynch
on “Ask HN: I've saved up $80k USD. What should I do with it?” ↗…spend a few years on top. How can you get consistent returns? They have high fees. Instead invest in equity traded funds or ETFs. Read "The Big Secret for the Small Investor" by J. Greenblatt and "One up on Wall Street" by Peter Lynch. Be a value investor not a trader! Plan to let your investments sit and grow for years. If you want to buy individual stocks, pick for the list of "dividend aristocrats". These are…
on “Ask HN: For you who are rich (net worth $1 million+), where to start?” ↗…have a shutdown of the US gov't, and there's a video of a Tesla car on fire. Combine these with one analysts pessimism and it's easy to see why the stock would fall. Remember Peter Lynch's advice from "One Up on Wall Street" - if the price drops but the fundamentals are still good, hang on or buy more.
on “Tesla stock burned by car fire video, downgrade” ↗Since we're recommending books, Peter Lynch's "One Up On Wall Street" [1] was a very informative and interesting book. Peter Lynch ran Fidelity's Magellan fund from 1977 to 1990. He avergaed a return of 29.2%, increasing the value of the fund from $18M in 1977 to $14B…
on “Ask HN: How did you learn about stocks and the market?” ↗…Term Deposits. With mutual funds choose the fund house first and then their scheme. As far as books are concerned I'd always fall back on 'The Intelligent Investor' by Ben Graham. Another handy book is 'One up on wall street' Peter Lynch. Although investment runs concurrently with tax breaks. So if you find a good book informing on where the income tax credits and breaks are allowed etc. it would be handy. The important…
on “Ask HN: Good books on managing finances?” ↗1.The Trouble with Lawyers - an early introduction to conflicts of interest 2.One Up On Wall Street - insiders view of the markets and other lessons 3.Consilence - how to distinguish real things from unreal things
on “Ask HN: What three books impacted your career the most?” ↗Have you read One Up on Wall Street, by Peter Lynch? He talks about using your feelings about a company's products as a component of investment decision-making. You may find it interesting. https://www.amazon.com/One-Up-Wall-Street-Already/dp/0743200...
on “GoPro shows its vulnerability after horrific Q3 earnings” ↗…Vanguard index funds. That is the lowest effort and risk you can take. But, if you want to invest some more time and take additional risk (and maybe better returns) try reading some books. Peter Lynch's - One Up on Wall Street and Benjamin Graham's - The intelligent Investor are two good ones to start with. These will give you a solid platform on stock selection.
on “Ask HN: What are some good resources to learn how to invest and build wealth?” ↗…suggest the following books, which offer more in-depth analysis of financial markets and securities: Henwood, Doug (1997) Wall Street: How It Works and for Whom Lynch, Peter and John Rothchild (2000) One Up on Wall Street, 2nd ed. Mishkin, Frederic (2018) Economics of Money, Banking and Financial Markets, 12th ed.
on “Ask HN: Introductory Books on the Stock Market?” ↗