Peter Lynch believes that average investors have advantages over Wall Street experts. Since the best opportunities can be found at the local mall or in their own places of employment, beginners have the chance to learn about potentially successful companies long before before professional analysts discover them. This headstart on the experts is what produces 'tenbaggers', the stocks that appreciate tenfold or more and turn an average stock portfolio into a star performer. In this fully updated edition of his classic bestseller, Lynch explains how to research stocks and offers easy-to-follow directions for sorting out the long shots from the no shots. He also provides valuable advice on how to learn as much as possible from a company's story, and why every investor must ignore the ups and downs of the stock market and focus only on the fundamentals of the company in which they are investing.
Introduction to the Millennium Edition
PROLOGUE: A Note from Ireland
INTRODUCTION: The Advantages of Dumb Money
PART I Preparing to Invest
1 The Making of a Stockpicker
2 The Wall Street Oxymorons
3 Is This Gambling, or What?
4 Passing the Mirror Test
5 Is This a Good Market? Please Don't Ask
PART II Picking Winners
6 Stalking the Tenbagger
7 I've Got It, I've Got It -- What Is It?
8 The Perfect Stock, What a Deal!
9 Stocks I'd Avoid
10 Earnings, Earnings, Earnings
11 The Two-Minute Drill
12 Getting the Facts
13 Some Famous Numbers
14 Rechecking the Story
15 The Final Checklist
PART III The Long-term View
16 Designing a Portfolio
17 The Best Time to Buy and Sell
18 The Twelve Silliest (and Most Dangerous) Things People Say About Stock Prices
19 Options, Futures, and Shorts
20 50,000 Frenchmen Can Be Wrong
EPILOGUE: Caught with My Pants Up
Anise C. Wallace The New York Times Mr. Lynch's investment record puts him in a league by himself.
Peter Lynch machte seinen Bachelor of Science am Boston College und seinen Master an der Wharton School of Finance der University of Pennsylvania. Nach zweijährigem Wehrdienst als Leutnant der U. S. Army begann er, bei Fidelity Investments zu arbeiten. Er war Direktor der Research-Abteilung bei Fidelity Management and Research und leitet seit 1977 den Fidelity Magellan Fonds.
JOHN ROTHCHILD is the bestselling author of the critically acclaimed A Fool and His Money and Going for Broke, among other books. He has also coauthored, with Peter Lynch, One Up on Wall Street, Beating the Street, and Learn to Earn. A former editor of the Washington Monthly and financial columnist for Time magazine and Fortune, Mr. Rothchild has also written articles for Harper's, Rolling Stone, Esquire, and many other periodicals. He has appeared on The Nightly Business Report, the Today show, and CNBC.