One up on Wall Street by Peter Lynch | Book Review

So Peter Lynch is a famous money manager, not because of his cool. But because if you had invested into his fidelity fund 10k, he would have turned into to 190k ( and that is insane)

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Peter lynch
1. Have a house before you buy a stock
2. Can you handle the risk
3. Look in the mirror test patient, self-reliance and willingness to admit to mistake and ignore the panic
If you wait for wall street to tell you, then you’re are late
You’ll need leads that lead to research

1. Categories
• slow grower: large and larger companies
• Stalward: big companies with strong fundamental to product against market fluctuations ( coca-cola ) – and faster than a slow grower
• Fast grower: smaller companies that can grow between 15-25% and sometimes more. But this growth should be because of earnings and profits. Not from buying and selling assets irrelevant to the core business ( big profits and the tricky part is when to sell)
• Cyclicals: Companies who grow and make profits in a cycle and can be affected by things like oil, petrochemical, coal, commodities, agricultural products and also real estate. ( example oil stocks go up when prices go up and vice versa: or for example that sells a lot of umbrellas during the rainy season and not that much during the dry seasons. ) – makes billions in growing economies but lose money during recessions
• Turn arounds: companies that have had a lot of trouble and even bankruptcies, but if they restructure their debt and make a profit, then you will benefit a lot from them ( like when airlines went bankrupt) – but are risky investments
• Asset play: investing into holding companies that buy assets for example warren companies, but no one knows when the market will reflect the actual value per share
( certain assets that are worth a lot of companies, real estate, and more)

– Some stocks can be more than one
– and they tend to change, so figure that out and then create the story
– look for simple companies with a simple business you understand

2. Attributes to look for 13
– Company name doll and ridiculous ( because WALLSTREET won’t notice it )
– Dole business ( boring things)
– Something disagreeable ( something that makes people turn away in disgust, ( picking trash or cleaning )
– Company is a spin-off (a spin-off from a parent company )
– Institutions don’t own it and no analyst has visited it ( banks and so on)
– Negative rumors about the company ( toxic waste industry, and how people thing mafia runs the garbage companies)
– Something depressing about it ( like funerals and so on)
– Company in a no-growth industry ( less competition )
– Has a niche
– People have to keep buying the products ( dolls are a no because kids only need one, look for something over and over)
– Company is computer industry( so it can do its job faster)
– Company insiders are buyers of the stock
– Company is buying back shares (

3. Stocks to avoid
– Hot stocks can go up fast and fall quickly
– Next of something ( next apple and so on)
– Buying bad acquisitions instead of buying back shares ( buying things they don’t know anything about)
– Whisper stocks: close to solving something massive like aids or something like that, great story but no substance
– Sales come from to few clients

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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