Peter Lynch, an American investment icon and mentor Spare some time for his book, One Up on Wall Street: How to Use What You Already Know to Make Money in the Market, and go ahead to beat the pros in the market.
5 main statements we picked for you from the book.
There is a company behind every stock. So learn about the company, its financial statement, revenue, and earnings before buying its shares.
“Buy in the gloom, sell in the boom,” – the market crashes when stocks are way overvalued, and doesn’t usually crash again until stocks have become overvalued again.
Consider having more stocks of 2 or 3 companies with good prospects rather than a few stocks of many companies. The number of brilliant companies is finite.
Just as you can spot good investment opportunities, learn to avoid the bad ones. Say no to whisper stocks, companies dependent on few customers, too advertised stocks.
If you can’t find an attractive company, put your money into the bank until you discover some.
