One Up On Wall Street: How To Use What You Already Know To Make Money In The Market

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When somebody says, “Any idiot could run this joint,” that’s a plus as far as I’m concerned, because sooner or later any idiot probably is going to be running it. Growth rate: the only growth that matters is growth in earnings. If the business can increase prices year after year without losing customers, we have a tremendous investment. A company growing at 20% selling at a P/E of 20 is a much better investment than a company selling at a P/E of 10 growing at 10%. There is no way around the hard work. Embrace it.”– Roger Federer. In investment, it is important to continue “turning the stones” or keep finding […] read more What is Truth Social, Mr. Trump’s Social Media Company? When oil prices go down, it obviously has an effect on oil-service companies, but not on ethical drug companies While some of the tips and strategies Lynch shares have become outdated over the years, it is still an excellent read written in clear, easy-to-understand language. References

Existing plants are operating at full capacity, the company begins to spend money to add to capacity. Paying attention to businesses doing well in our daily lives could generate more insight and help us stay one step ahead of Wall Street. Main Advice From Lynch in “One Up On Wall Street” (pdf)Risk and return are two of the most important concepts in investing. The relationship between these two factors is crucial to understanding […] read more Here are the key principles of value investing | Re-ThinkWealth Pay attention to the long-term. It is way more predictable than the random short-term movements of the markets. Conversely, Lynch strongly warns against investing in companies you don’t understand, trendy companies everyone else is investing in, companies that are diversifying, or companies that supply to only a single buyer. Such companies are likely to fail sooner or later. In liabilities, see the amount of long-term debt and see if it is increasing or decreasing (if cash has been growing and this type of debt is decreasing, then the balance is getting stronger and stronger); then view the total and calculate the net cash position.

Turn Arounds) คือ หุ้นดาวดับ ที่กำลังกลับมา ซึ่งฟื้นตัวจากวัฏจักรธุรกิจ หรือ ผลการดำเนินงานที่ค่อยๆดีขึ้น Bilgisayarlarla ilgili bir işte çalışmıyorsanız brokerlarınızın size Wang hakkında verdiği tüyoyu bir kenara itin. Wang hakkında başkalarının bilmediği ama sizin bildiğiniz ne olabilir? Bu sorunun yanıtı 'hiçbir şey' ise hiçbir şansınız yok demektir. Ama eğer lastik imal ediyorsanız, dağıtımını ya da satışını yapıyorsanız o zaman Goodyear hisselerini alırken avantajlısınız demektir. İmalat ve satış işinde çalışan kişiler çeşit çeşit hisselerle karşılaşırlar." (113) Don't get faked out by macro events such as M1-money supply, oil prices, dollar index, etc. Lynch pays no attention to external economic conditions, except in the few obvious instances when he's sure that a specific business will be affected in a specific way. But hopefully, by doing this, we will be able to make better decisions. Personally, for me, I put in minimally four hours a day to just read up on companies and find potential investments.

Creio que a essência do investimento em ações pode ser captado a partir desse livro e diversos insights podem ser aplicados em sua própria estratégia de investimento, por mais que haja uma significativa defasagem histórica (aproximadamente 30 anos). Deneyimli ve disiplinli bir müşterek bahisçi için atlar üzerine bahse girmek gayet güvenli bir uzun vadeli yatırım olabilir. Bu, o kişi için yatırım fonlarına para yatırmak ya da General Electric hisse senetleri almak gibi bir şeydir. Öte yandan her duyduğu tüyoya atılan, gömlek değiştirir gibi portföy değiştiren dikkatsiz ve dağınık bir borsa yatırımcısının” en güzel yeleli ata yada mor pantolonlu jokeye bütün maaşını yatıran bir bahisçiden farkı yoktur." (76) Dördüncü aşamada yine etrafımdaki kalabalık eksilmekte ama bu kez bana hangi hisse senetlerini almam gerektiğini söylüyorlardır. Dişçinin bile aklında birkaç tüyo vardır ve partiyi izleyen günlerde gazeteye bakınca bana önerdiği hisselerin hepsinin değer kazanmış olduğunu görürüm. Tanıdıklarım borsa hakkında, üstelik haklı tavsiyelerde bulunmaya başlayınca artık borsa en yüksek noktasına çıkmış, düşmeye hazırlanıyordur." (96)

On kişi bir borsacıyla hisse senetleri hakkında konuşmaktan kaçınıp dişçilerle diş taşından söz ediyorsa bilin ki borsa yakında yükselecektir. (96) The company's strongest division sells 50 percent of its output ot one leading customer, and that leading customer is suffering from a slowdown in its own sales. Slow growers are companies that usually pays dividends. The best kind of dividend-paying companies are those that pay dividends, and the dividend grows consistently year by year.

Full Book Name: One Up On Wall Street: How to Use What You Already Know to Make Money in the Market Of course, any book will only be as valuable as what you personally take out of it. If you are already a savvy financial guru, then maybe you don't need to read this. If you have read 10000 financial books, maybe this is too easy or basic for you. If you are intimately connected with the financial sector, again, why are you reading books that are intended for the ordinary masses? For turnaround companies, the strength of the balance sheet is very important because they need to be able to get through the rough situation if there is any possibility of a turnaround. 6. Asset plays

Sıkıcı bir iş yapan bir şirket en az sıkıcı isimli bir şirket kadar iyidir. Hatta bu ikisi bir araya gelirse sonuç muhteşem olur. Hem adı hem de yaptığı iş sıkıcı olan bir şirket, borsa uzmanlarını gerçek değeri anlaşılana kadar kendisinden uzak tutacak, böylece hisselerinin fiyatı sürekli yükselecektir. Eğer kazancı yüksek, bilançosu sağlam bir şirketin yaptığı iş sıkıcıysa önünüzde hisseleri düşük fiyattan almak için bol bol zaman var demektir. Derken şirket değer kazanıp moda olunca elinizdeki hisseleri ancak borsadaki genel eğilime göre alım satım yapan aptal yatırımcılara satabilirsiniz." (157) In this now famous book, Peter describes how he came about developing his strategy for success. He talks about his past, his victories, and some of his failures. He describes everything that happened in an easy to read, colloquial sort of way. Anyone, including non-financially literate folks, can understand this.Philip Morris ผู้ผลิตบุหรี่ Marlboro ได้ลดต้นทุนโดยใช้เครื่องมวนบุหรี่ที่มีประสิทธิภาพสูง ในระหว่างนั้นอุตสาหกรรมได้ขึ้นราคาบุหรี่ทุกปี หากต้นทุนเพิ่ม 4% เขาสามารถเพิ่มราคาขาย 6% ซึ่งทำให้ Margin เพิ่ม 2% ดังนั้น การเพิ่ม Margin 2% หมายถึงกำไรที่เพิ่มขึ้น 20% The first value investing principle focuses on a company’s intrinsic value. This means looking beyond its market price and considering its […] read more Understanding the Margin of Safety in Value Investing Look for underappreciated companies that do not have a lot of analyst coverage yet. I think this is solid advice and it is one of the advantages of being a retail investor – we can invest in smaller companies that do not have a lot of analyst coverage yet. Peter Lynch ได้เล่าว่า คุณสมบัติควรรวมถึงความอดทน และ ทนต่อความเจ็บปวด พึ่งตนเอง ใจที่เปิดกว้างไม่ยึดติด ยอมรับความผิดพลาด และไม่สนใจความแตกตื่นของคนอื่นๆ ต้องสามารถตัดสินใจโดยปราศจากข้อมูลที่สมบูรณ์ เพราะไม่มีอะไรแน่นอน ในวอลสตรีท ด้วยความคิดแบบวิทยาศาสตร์ที่จะต้องรู้ข้อมูลทั้งหมด อาจพ่ายแพ้ ส่วนที่ 2