tag:blogger.com,1999:blog-21051558150258712212024-03-14T19:00:22.150+08:00MYSWEETLUCK | Best Business SummariesHey everyone, I'm Michael. I don't read business books, I research them. This blog is all about best business book summaries and notes. Do Subscribe and Follow MYSWEETLUCK.Unknownnoreply@blogger.comBlogger238125tag:blogger.com,1999:blog-2105155815025871221.post-26444765555934649962020-10-01T23:27:00.001+08:002020-10-01T23:27:48.236+08:00One Up On Wall Street SUMMARY Conclusion Chapter 20 – 50,000 Frenchmen Can Be Wrong<div>The market, like individual stocks, can move in the opposite direction of the fundamentals over the short term</div><div>Be optimistic about America and investing in general</div><div>Market declines are great opportunities to buy stocks in companies that you like</div><div>You can never predict the market</div><div>It takes years, not months to produce big results</div><div>You can make serious money by compounding a series of 20-30 percent gains in Stalwarts</div><div>Stock prices often move in opposite direction but the long term, the direct and sustainability of profits will prevail</div><div>Buying a company just because its cheap is a losing strategy</div><div><br></div><div><div>Selling an outstanding fast grower because its stock slights overpriced is a losing technique</div><div>You don’t lose anything by not owning a successful stock</div><div>Stock doesn’t know that you own it</div><div>Don’t be attached to a winner</div><div>Don’t stop monitoring the story</div><div>If you don’t think you can beat the market then buy a mutual fund</div><div>Keep an open mind to new ideas</div></div><div><br></div><div><p dir="ltr"><span ;="">Read One Up On Wall Street by Peter Lynch Chapter 19 full summary here 👇:</span><br>
<span ;=""><a href="http://mysweetluck.blogspot.com/2020/09/one-up-on-wall-street-summary-part-3_9.html">http://mysweetluck.blogspot.com/2020/09/one-up-on-wall-street-summary-part-3_9.html</a></span></p>
<p dir="ltr"><span ;="">Watch One Up On Wall Street by Peter Lynch Chapter 18 full summary here 👇:</span><br>
<span ;=""><a href="https://youtu.be/75sN2Oc9n3Y">https://youtu.be/75sN2Oc9n3Y</a></span></p>
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<p dir="ltr"><span ;="">#peterlynch #stockmarket #oneuponwallstreet #wallstreet #investing #warrenbuffett #valueinvesting #invest #investingforbeginners #mohnishpabrai #optionstrading #futures #shortselling</span></p>
<p dir="ltr"><span ;="">Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<p dir="ltr"><span ;="">YouTube: <a href="https://www.youtube.com/user/MySweetLuck?sub_confirmation=1">https://www.youtube.com/user/MySweetLuck?sub_confirmation=1</a></span></p></div>MySweetLuckhttp://www.blogger.com/profile/03810305493678154335noreply@blogger.com0tag:blogger.com,1999:blog-2105155815025871221.post-88307106925715343532020-09-09T23:54:00.004+08:002020-09-09T23:55:09.263+08:00One Up On Wall Street SUMMARY Part 3: The Long Term View Chapter 19 – Options, Futures and Shorts
<div>There are lots of gimmicks in investment</div><div><ul style="text-align: left;"><li>Peter Lynch have never bought a future nor an option in his entire investing career</li><li>Stocks are not commodities, stocks are part of a business</li><li>An option is a contract that can expire</li><li>Very high risk of losing money</li><li>They may not seem expensive but you have to buy a lot of them to cover a stock</li><li>Buying an option has nothing to do with owning a share of a company</li><li>The money is not even transferred to the companies only brokers get to enjoy them</li><li>Warren Buffett thinks that stock futures and options must be outlawed</li></ul></div>
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<div><div>Shorting a Stock</div><div><ul style="text-align: left;"><li>There is a practice of profiting from a stock price that goes down</li><li>Shorting is you borrow a stock and then sell it. Then you buy again and then return it to the seller.</li><li>Selling the borrowed item at a higher price and replace it with lower price item is where they profit</li><li>The problem is the owner will get the dividends and other benefits but not the borrower</li><li>You must close the transaction to cover the value</li><li>There’s no ceiling on stock price, you will lose money when it goes up</li><li>Short seller stories are horror stories</li></ul></div></div>
<p dir="ltr"><span>Read One Up On Wall Street by Peter Lynch Chapter 18 full summary here 👇:</span><br />
<span><a href="https://mysweetluck.blogspot.com/2020/09/one-up-on-wall-street-summary-part-3_8.html" target="_blank">http://mysweetluck.blogspot.com/2020/09/one-up-on-wall-streetsummarypart-3.html</a> </span></p>
<p dir="ltr"><span>Watch One Up On Wall Street by Peter Lynch Chapter 18 full summary here 👇:</span><br />
<span><a href="https://www.youtube.com/watch?v=75sN2Oc9n3Y" target="_blank">https://www.youtube.com/watch?v=75sN2Oc9n3Y</a> </span></p>
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<p dir="ltr"><span>#peterlynch #stockmarket #oneuponwallstreet #wallstreet #investing #warrenbuffett #valueinvesting #invest #investingforbeginners #mohnishpabrai</span></p>
<p dir="ltr"><span>Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<span>YouTube: <a href="https://www.youtube.com/user/MySweetLuck?sub_confirmation=1" target="_blank">https://www.youtube.com/user/mysweetluck</a></span><br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2105155815025871221.post-13739858102713704012020-09-08T21:07:00.004+08:002020-09-08T21:07:48.067+08:00One Up On Wall Street SUMMARY Part 3: The Long Term View Chapter 18 – The 12 Silliest and (Most Dangerous) Things People Say About Stock Prices
<br /><div>The 12 Silliest and most dangerous things people say about stock prices</div><div>Dismiss them from your mind, here we go</div><div><br /></div><div>1. If it’s gone down this much already, it can’t go much lower</div><div>2. You can always tell when a stock’s hit bottom</div><div>3. If it’s gone this high already, how it possibly go higher?</div><div>There’s no limit to how high a stock can go</div><div>4. It’s only $3 a share: what can I lose?</div><div>5. Eventually they always come back</div><div>- Very rare for bankrupt companies to regain prosperity</div><div><div><br /></div></div>
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<div><div>6. It’s always darkest before the dawn</div><div>It’s always darkest before pitch black. </div><div>7. When it rebounds to $10, I’ll sell</div><div>- Only sell when you are not confident enough in the company</div><div>8. What me worry? Conservative stocks don’t fluctuate much</div><div>There are no stocks that you can own and choose to ignore</div><div>9. It’s taking too long for anything to ever happen</div><div>When the fundamentals are strong, patience is often rewarded</div><div>10. Look at all the money I’ve lost: I didn’t buy it!</div><div>- The more stocks you learn about the more winner you realize you have missed</div></div><div><br /></div><div><div>11. I missed that one, I’ll catch the next one</div><div>You didn’t lose anything by not buying a winner so don’t turn it into a mistake that can cost you a lot of money</div><div>12. The stock’s gone up, so I must be right, or…the stock’s gone down so I must be wrong</div><div>- People are willing to pay more and that’s why stock price going up and the price going down because people are willing to pay less. Buy what’s right, simple. </div></div><div><br /></div>
<p dir="ltr"><span>Read One Up On Wall Street by Peter Lynch Chapter 16 full summary here 👇:</span><br />
<span><a href="http://mysweetluck.blogspot.com/2020/09/one-up-on-wall-streetsummarypart-3.html" target="_blank">http://mysweetluck.blogspot.com/2020/09/one-up-on-wall-streetsummarypart-3.html</a> </span></p>
<p dir="ltr"><span>Watch One Up On Wall Street by Peter Lynch Chapter 15 full summary here 👇:</span><br />
<span><a href="https://youtu.be/CSoQxefTnvo" target="_blank">https://youtu.be/CSoQxefTnvo</a> </span></p>
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<p dir="ltr"><span>#peterlynch #stockmarket #oneuponwallstreet #wallstreet #investing #warrenbuffett #valueinvesting #invest #investingforbeginners #mohnishpabrai</span></p>
<p dir="ltr"><span>Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<span>YouTube: <a href="https://www.youtube.com/user/MySweetLuck?sub_confirmation=1" target="_blank">https://www.youtube.com/user/mysweetluck</a></span><br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2105155815025871221.post-25207201766936623212020-07-02T01:10:00.002+08:002020-09-08T20:17:06.332+08:00The Lean Startup by Eric Ries SUMMARY Part Three: Accelerate Chapter 13 Epilogue: Waste Not<p dir="ltr">System comes first. Then the people</p><p dir="ltr">Entrepreneurs needed to take bold risks and we cannot afford to waste them</p><p dir="ltr">All innovation begins with vision</p><p dir="ltr">The goal is to change the ecosystem of entrepreneurship</p><p dir="ltr">Long term thinking is important</p>
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<p dir="ltr">Race to test your vision, respond to failures and setbacks with honesty</p><p dir="ltr">Learn relentlessly</p><p dir="ltr"><span ;=""></span></p><p dir="ltr">Achieve speed by bypassing the excess work that does not lead to learning</p><p dir="ltr">Dedicate to the creation of new institutions with a long term mission to build sustainable value and change the world for the better</p><p dir="ltr">Above all, stop wasting people’s time</p><p dir="ltr"><br></p><p dir="ltr"><span ;=""><br></span></p><p dir="ltr"><span ;="">Read The Lean Startup by Eric Ries Chapter 12 full summary here 👇:</span><br>
<span ;="">http://mysweetluck.blogspot.com/2020/06/the-lean-startup-by-eric-ries-summary_26.html </span></p>
<p dir="ltr"><span ;="">Watch The Lean Startup by Eric Ries Chapter 10 full summary here 👇:</span><br>
<span ;="">https://youtu.be/cfZ-rB86dxw </span></p>
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<p dir="ltr"><span ;="">#theleanstartup #ericries #startup #siliconvalley #venturecapital #startabusiness #entrepreneurship #businessbook #startupsuccess #innovation</span></p>
<p dir="ltr"><span ;="">Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<p dir="ltr"><span ;="">Subscribe: http://www.youtube.com/subscription_center?add_user=mysweetluck</span></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2105155815025871221.post-25525083176479875792020-07-07T23:24:00.002+08:002020-09-08T20:16:52.537+08:00One Up On Wall Street by Peter Lynch SUMMARY Introduction: The Advantages of Dumb Money<p dir="ltr">Rule No.1: Stop listening to investing professionals</p><p dir="ltr">Ignore what Peter Lynch is buying because he can be wrong, he can change his mind and sell and there are better sources out there</p><p dir="ltr">Those Wonderful Tenbaggers</p><p dir="ltr">It means a stock that made ten times your money. There are tenbaggers in weak market too</p>
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<p dir="ltr">You just have to find one big winner out of eleven</p><div><div>Apples and Donuts</div><div>If you bought two dozen donuts from Dunkin’ Donuts every week for a year (1982) around $270 and along with that you invested equal amount in that company. In four years the shares would have been worth $1,539 and it’s a sixbagger</div><div>Now imagine the same for the jeans that you bought from Gap you made an equal investment or a Subaru car down payment as well as the stock</div><div>Bought Apple Computer in 1982? Another sixbagger by 1987 </div></div><div><br></div><div><div>The Power of Common Knowledge</div><div>To get the results you must buy exactly during the low and sell during the high</div><div>Look around you and the daily purchases that you are doing in routine. Observes what’s a bestseller and what is in the process of becoming a bestseller.</div></div><div><br></div><div><div>Is This a Public Company?</div><div>It should occur to you to ask if something that you are using as a consumer whether it is a public company or not</div><div>As a consumer you are doing the analyst’s job by visiting stores and testing products </div><div>You always know from your experience what’s a good product and you are the first person to know it before Wall Street hires analysts to figure it out</div></div><div><br></div><div><div>Gigging The Gigahertz</div><div>If you don’t understand it then don’t put your life savings into it</div><div><br></div><div> A Pox on The Cabbage Patch</div><div>First step: Finding a promising company</div><div>Second step: Doing the research</div><div><br></div><div>The book is divided into 3 sections:</div><div>Part 1: Preparing to Invest (on evaluating stocks)</div><div>Part 2: Picking Winners (on finding promising opportunities)</div><div>Part 3: The Long-term View (on how to design a portfolio)</div></div><div><br></div>
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<p dir="ltr"><span ;="">#peterlynch #stockmarket #oneuponwallstreet #wallstreet #investing #warrenbuffett #valueinvesting #invest #investingforbeginners #mohnishpabrai</span></p>
<p dir="ltr"><span ;="">Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<p dir="ltr"><span ;="">Subscribe: http://www.youtube.com/subscription_center?add_user=mysweetluck</span></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2105155815025871221.post-21067813948460761962020-07-08T23:24:00.002+08:002020-09-08T20:16:37.451+08:00One Up On Wall Street SUMMARY Part 1: Preparing to Invest Chapter 1 – The Making of a Stockpicker<div>It’s not wise to try to invest in good markets and get out of bad ones</div><div>Logic is the important skill that helped Peter Lynch in picking stocks and bought the first stock at the age of 19. Earned first 5 baggers at the age of 21</div><div><br></div><div>Random Walk and Maine Sugar</div>
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<div>Joined Fidelity and was assigned to visit companies</div><div>The market is irrational and no academic theories can be supported</div><div>Don’t gamble; take all your savings and buy some good stock & hold it till it goes up, then sell it. If it don’t go up, don’t buy it</div><div><br></div><div><p dir="ltr"><span ;="">Read One Up On Wall Street by Peter Lynch Introduction full summary here 👇:</span><br>
<span ;="">http://mysweetluck.blogspot.com/2020/07/one-up-on-wall-street-by-peter-lynch.html </span></p>
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<p dir="ltr"><span ;="">#peterlynch #stockmarket #oneuponwallstreet #wallstreet #investing #warrenbuffett #valueinvesting #invest #investingforbeginners #mohnishpabrai</span></p>
<p dir="ltr"><span ;="">Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<p dir="ltr"><span ;="">Subscribe: http://www.youtube.com/subscription_center?add_user=mysweetluck</span></p></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2105155815025871221.post-54124256306671252392020-07-09T23:13:00.002+08:002020-09-08T20:16:27.285+08:00One Up On Wall Street SUMMARY Part 1: Preparing to Invest Chapter 2 – The Wall Street Oxymorons<p dir="ltr">Do more research on John Templeton, Max Heine, Michael Price, John Neff, Ken Heebner, Peter deRoetth, George Soros, Jimmy Rogers and of course Warren Buffett.</p><p dir="ltr">Street Lag</p>
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<p dir="ltr"><span ;=""></span></p><p dir="ltr">Not many companies are getting noticed on Wall Street because not all do recognize a sustainable company and recommend it to others. By the time they discover it, the company would be riding high on the market or starting to drop off the edge</p><div><div>Going it Alone</div><div>You don’t have to invest like an institution</div><div>There is no one to criticize or influence your decisions besides your spouse</div><div>You are even free to buy back a stock at $19 that you sold for $11 and you are not forced to own so many stocks</div><div>Best part, you can invest in a very few companies and do the waiting. Institutions can’t do that</div><div>You can always find the next big opportunity in your neighbourhood far earlier than the Wall Street analysts</div></div><p dir="ltr"><span ;=""><br></span></p><p dir="ltr"><span ;="">Read One Up On Wall Street by Peter Lynch Chapter 1 full summary here 👇:</span><br>
<span ;="">http://mysweetluck.blogspot.com/2020/07/one-up-on-wall-street-summary-part-1.html </span></p>
<p dir="ltr"><span ;="">Watch One Up On Wall Street by Peter Lynch Introduction full summary here 👇:</span><br>
<span ;="">https://youtu.be/lpNjFAx9yuY </span></p>
<p dir="ltr"><span ;="">Subscribe, Like and Follow me </span><br>
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<p dir="ltr"><span ;="">#peterlynch #stockmarket #oneuponwallstreet #wallstreet #investing #warrenbuffett #valueinvesting #invest #investingforbeginners #mohnishpabrai</span></p>
<p dir="ltr"><span ;="">Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<p dir="ltr"><span ;="">Subscribe: http://www.youtube.com/subscription_center?add_user=mysweetluck</span></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2105155815025871221.post-17567511234044284602020-07-16T09:40:00.002+08:002020-09-08T20:16:03.656+08:00One Up On Wall Street SUMMARY Part 1: Preparing to Invest Chapter 3 – Is This Gambling, or What?<p dir="ltr">Over the long haul, stock market will outperform both money-market funds and long-term bonds</p><p dir="ltr">Investing in stocks is more profitable than investing in debt</p><p dir="ltr">The reason is stocks are fuelled by company’s growth</p><p dir="ltr">You can lose the money that you lent to someone and don’t expect to get a tenbagger from it</p>
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<p dir="ltr">Still, stocks are risky</p><p dir="ltr">Major companies can become minor, even if they are blue chip stocks</p><p dir="ltr"><span ;=""></span></p><p dir="ltr">Sure way of losing is by buying the right stocks at the wrong time at the wrong price or buying the wrong stocks at the right time</p><p dir="ltr">Volatility in interest rates can make holding bonds more of a gamble even for intelligent investors</p><p dir="ltr">The discipline to stick to a system can enable a secure long-term return</p><p dir="ltr">Basic questions can help you to figure out winning companies</p><p dir="ltr">Consistent winners will raise their bet to strengthen their position and will leave the game when the odds are against them</p><p dir="ltr">There will be periodic losses but that will not scare them</p><p dir="ltr">Six out of ten stocks performing well in your portfolio is all needed to produce an enviable record on Wall Street</p><p dir="ltr">Don’t want to lose? Then don’t buy overpriced stocks</p><p dir="ltr">The stock market is a gamble that is worth taking if you know the rules and how to play it</p><p dir="ltr"><span ;=""><br></span></p><p dir="ltr"><span ;="">Read One Up On Wall Street by Peter Lynch Chapter 2 full summary here 👇:</span><br>
<span ;="">http://mysweetluck.blogspot.com/2020/07/one-up-on-wall-street-summary-part-1_9.html </span></p>
<p dir="ltr"><span ;="">Watch One Up On Wall Street by Peter Lynch Chapter 1 full summary here 👇:</span><br>
<span ;="">https://youtu.be/MyvpQ7QCmvk </span></p>
<p dir="ltr"><span ;="">Subscribe, Like and Follow me </span><br>
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<p dir="ltr"><span ;="">#peterlynch #stockmarket #oneuponwallstreet #wallstreet #investing #warrenbuffett #valueinvesting #invest #investingforbeginners #mohnishpabrai</span></p>
<p dir="ltr"><span ;="">Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<p dir="ltr"><span ;="">Subscribe: http://www.youtube.com/subscription_center?add_user=mysweetluck</span></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2105155815025871221.post-26394998975964419422020-07-18T19:50:00.002+08:002020-09-08T20:15:46.655+08:00One Up On Wall Street SUMMARY Part 1: Preparing to Invest Chapter 4 – Passing The Mirror Test<p dir="ltr">Before you buy a stock, you must address these three personal issues: 1) Do I own a house? 2) Do I need the money? 3) Do I have the personal qualities that will bring me success in stocks?</p><p dir="ltr">1. Do I Own a House?</p><p dir="ltr">Most of the time, a house will be money maker</p><p dir="ltr">People who are geniuses in their houses are idiots in their stocks</p><p dir="ltr">In stocks you are taxed frequently</p><p dir="ltr"><span ;=""></span></p>
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<p dir="ltr">Usually there will be far less headlines to scare house owners compared to stock holders</p><p dir="ltr">Houses can be profitable like stocks when they’re held for a long period of time</p><p dir="ltr">People are much more comfortable in holding to their house for example 7 years than in owning stocks </p><p dir="ltr"><span ;=""></span></p><p dir="ltr">The reason why many lose in stocks because they spend months choosing their houses and only minutes choosing their stocks</p><p dir="ltr">2. Do I Need The Money?</p><p dir="ltr">Don’t put your child’s college education money that you are going to use in two or three years into stocks</p><p dir="ltr">Stocks are predictable over ten to twenty years compared to two or three years</p><p dir="ltr">Only invest what you could afford to lose without that loss having any effect on your daily life in the foreseeable future</p><div><div>3. Do I Have The Personal Qualities It Takes To Succeed?</div><div>Patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistake and the ability to ignore general panic</div><div>When the market drops most investors are concerned and refrain from buying good companies at bargain price</div><div>After buying at higher price, they get complacent because the price is going up</div><div>When the stock falls, they capitulates and sells immediately</div><div>Stand by your stocks as long as the fundamental strory of the company hasn’t changed</div></div><div><br></div><p dir="ltr"><span ;="">Read One Up On Wall Street by Peter Lynch Chapter 3 full summary here 👇:</span><br>
<span ;="">http://mysweetluck.blogspot.com/2020/07/one-up-on-wall-street-summary-part-1_16.html </span></p>
<p dir="ltr"><span ;="">Watch One Up On Wall Street by Peter Lynch Chapter 2 full summary here 👇:</span><br>
<span ;="">https://youtu.be/aw2byqbHluM </span></p>
<p dir="ltr"><span ;="">Subscribe, Like and Follow me </span><br>
<span ;="">YouTube: https://youtube.com/user/MySweetLuck</span><br>
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<p dir="ltr"><span ;="">#peterlynch #stockmarket #oneuponwallstreet #wallstreet #investing #warrenbuffett #valueinvesting #invest #investingforbeginners #mohnishpabrai</span></p>
<p dir="ltr"><span ;="">Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<p dir="ltr"><span ;="">Subscribe: http://www.youtube.com/subscription_center?add_user=mysweetluck</span></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2105155815025871221.post-32254902771789679812020-08-01T08:21:00.002+08:002020-09-08T20:15:22.154+08:00One Up On Wall Street SUMMARY Part 1: Preparing to Invest Chapter 5 – Is This a Good Market? Please<p dir="ltr">You don’t have to be able to predict the stock market to make money</p><p dir="ltr">Most of the time you will be preparing for what happened rather than for what’s coming next</p><p dir="ltr">Don’t believe in predicting markets but believe in buying great companies that are undervalued</p><p dir="ltr">What made Warren Buffett the greatest investor of all time is that when he thought stocks are overpriced, he sold everything and returned the profit to his partners</p><p dir="ltr"><span ;=""></span></p><p dir="ltr">Pick the right stocks and the market will take care of itself</p>
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<div><div>Important Notes from Part 1</div><div>Never overestimate the skill and wisdom of professionals</div><div>You must take advantage of what you already know</div><div>Look for untapped opportunities </div><div>Invest in a house before you invest in a stock</div><div>You must invest in companies, not the stock market</div><div>Don’t bother short term fluctuations</div><div>-Large profits and losses can be made in common stocks</div><div>Predicting the economy is futile</div><div>Long-term returns are predictable and superior to long-term returns from bonds</div><div>Keeping up with a company in which you own stock is like playing an endless stud-poker hand.</div></div><div><div>Common stocks aren’t for everyone, nor even for all phases of a person’s life.</div><div>The average person is exposed to interesting local companies and products years before the professionals.</div><div>Having an edge will help you make money in stocks.</div><div>In the stock market, one in the hand is worth ten in the bush.</div></div><p dir="ltr"><span ;="">Read One Up On Wall Street by Peter Lynch Chapter 4 full summary here 👇:</span><br>
<span ;="">http://mysweetluck.blogspot.com/2020/07/one-up-on-wall-streetsummarypart-1.html </span></p>
<p dir="ltr"><span ;="">Watch One Up On Wall Street by Peter Lynch Chapter 3 full summary here 👇:</span><br>
<span ;="">https://youtu.be/syFX5JVDckE </span></p>
<p dir="ltr"><span ;="">Subscribe, Like and Follow me </span><br>
<span ;="">YouTube: https://youtube.com/user/MySweetLuck</span><br>
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<p dir="ltr"><span ;="">#peterlynch #stockmarket #oneuponwallstreet #wallstreet #investing #warrenbuffett #valueinvesting #invest #investingforbeginners #mohnishpabrai</span></p>
<p dir="ltr"><span ;="">Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<p dir="ltr"><span ;="">Subscribe: http://www.youtube.com/subscription_center?add_user=mysweetluck</span></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2105155815025871221.post-21255515368948610412020-08-11T18:45:00.002+08:002020-09-08T20:15:06.562+08:00One Up On Wall Street SUMMARY Part 2: Picking Winners Chapter 6 – Stalking the Tenbagger<p dir="ltr">The best place to hunt for tenbagger is close to home or wherever you work</p><p dir="ltr">You don’t have to know anything about a company for it’s stocks to go up</p>
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<p dir="ltr">The person with the edge is always in a position to outsmart the person without an edge</p><p dir="ltr">If you are working in an industry and can observe the growth in the sales, you can then trace back all the companies involved in the process including the competitors and make your bet on them</p><p dir="ltr"><span ;=""></span></p><p dir="ltr">All you need is just a keen observation</p><p dir="ltr">Look for situations where the value of the assets exceeds the price per share</p><p dir="ltr">Invest in things you know about early</p><p dir="ltr"><span ;=""><br></span></p><p dir="ltr"><span ;="">Read One Up On Wall Street by Peter Lynch Chapter 5 full summary here 👇:</span><br>
<span ;="">http://mysweetluck.blogspot.com/2020/08/one-up-on-wall-street-summary-part-1.html </span></p>
<p dir="ltr"><span ;="">Watch One Up On Wall Street by Peter Lynch Chapter 4 full summary here 👇:</span><br>
<span ;="">https://youtu.be/ZKmzC5_N438 </span></p>
<p dir="ltr"><span ;="">Subscribe, Like and Follow me </span><br>
<span ;="">YouTube: https://youtube.com/user/MySweetLuck</span><br>
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<p dir="ltr"><span ;="">#peterlynch #stockmarket #oneuponwallstreet #wallstreet #investing #warrenbuffett #valueinvesting #invest #investingforbeginners #mohnishpabrai</span></p>
<p dir="ltr"><span ;="">Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<p dir="ltr"><span ;="">Subscribe: http://www.youtube.com/subscription_center?add_user=mysweetluck</span></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2105155815025871221.post-91179592007239803552020-08-13T23:14:00.002+08:002020-09-08T20:14:48.178+08:00One Up On Wall Street SUMMARY Part 2: Picking Winners Chapter 7 – I’ve Got It, I’ve Got It- What is it?<div>Investing without research is risky, avoid it</div><div>If you’re considering a stock on the strength of some specific product that a company makes, the first thing to find out is: What effect will the success of the product have on the company’s bottom line?</div><div>The size of a company matters because big companies will not have big stock moves.</div><div>They perform well over the long run</div><div>There are six general categories of a company. </div>
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<div>Slow growers, stalwarts, fast growers, cyclicals, asset plays and turnarounds</div><div><div>The slow growers started out as fast growers and slowed down when an industry at large slows down</div><div>Every popular fast growing industry will become a slow growing industry</div><div>Another sign of a slow grower is the fat dividends that they pay regularly because they can’t think of a good use for the money</div></div><div><div>The Stalwarts are companies such as Coca-Cola, Kellogg, Hershey’s and Proctor and Gamble. They are faster than slow growers for an example 10-12% annual growth in earnings</div><div>You can’t expect to squeeze out of them much</div><div>Fifty percent in two years is what you will be delighted to get in normal situations</div><div>They can offer good protection during recession and hard times</div></div><div><br></div><div><div>The Fast Growers are small, aggressive new enterprises that grow at 20 to 25 percent a year.</div><div>This where you can get from 10 to 200 baggers and one or two in your portfolio can be a big success</div><div>They don’t necessarily belong to fast growing industry and the room for growth enables them to be fast growers such as expansion into new markets</div><div>Risk comes together with companies that are underfinanced, they can run out of money fast & become slow growers</div><div>They are the winners of the stock market and find the ones with good balance sheets making substantial profits at the same time find out when they will stop growing and how much to pay for the growth</div></div><div><br></div><div><div>The Cyclicals is a company where sales and profits will fluctuate regularly</div><div>Famous examples are the auto industries, airline industries, chemical companies and steel companies</div><div>You can lose more than fifty percent quickly if you buy at the wrong time</div><div>You must be able to detect the early signs</div></div><div><br></div><div><div>Turnarounds are no growers.</div><div>There is bail us out or else kind turnaround, who would have thunk it turnaround, little problem we didn’t anticipate turnaround, perfectly good company inside a bankrupt company turnaround and restructuring to maximize shareholder values turnaround</div></div><div><br></div><div><div>An Asset Play is a company that’s sitting on something valuable such as real estate or cash that you are well aware but the crowd has overlooked</div><div>Asset opportunities are everywhere and all you need is patience. A good example would be Disney profiting from it classic assets with remakes, merchandise and theme park</div><div>Companies won’t stay in same category forever</div><div>Putting stocks in categories is the first step and next step is filling in the details</div></div><div><br></div><div><p dir="ltr"><span ;="">Read One Up On Wall Street by Peter Lynch Chapter 6 full summary here 👇:</span><br>
<span ;="">http://mysweetluck.blogspot.com/2020/08/one-up-on-wall-street-summary-part-2.html </span></p>
<p dir="ltr"><span ;="">Watch One Up On Wall Street by Peter Lynch Chapter 5 full summary here 👇:</span><br>
<span ;="">https://youtu.be/6NGyYjKJIlY </span></p>
<p dir="ltr"><span ;="">Subscribe, Like and Follow me </span><br>
<span ;="">YouTube: https://youtube.com/user/MySweetLuck</span><br>
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<p dir="ltr"><span ;="">#peterlynch #stockmarket #oneuponwallstreet #wallstreet #investing #warrenbuffett #valueinvesting #invest #investingforbeginners #mohnishpabrai</span></p>
<p dir="ltr"><span ;="">Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<p dir="ltr"><span ;="">Subscribe: http://www.youtube.com/subscription_center?add_user=mysweetluck</span></p></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2105155815025871221.post-66547117599371087072020-08-24T11:19:00.002+08:002020-09-08T20:14:20.540+08:00One Up On Wall Street SUMMARY Part 2: Picking Winners Chapter 8 – The Perfect Stock, What a Deal!<p dir="ltr">A business must be simple</p><p dir="ltr">Any idiot can run this business is a perfect company</p><p dir="ltr">It Sounds Dull – Or, Even Better, Ridiculous</p><p dir="ltr">Perfect simple business with a perfect boring name</p><p dir="ltr">It Does Sell Something Dull – such as cans and bottle caps</p>
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<p dir="ltr">It Does Something Disagreeable – such as acquisitions or diversification</p><p dir="ltr">It’s a Spinoff</p><p dir="ltr">Spinoffs of divisions or parts of companies into separate entities will result in astounding lucrative investments</p><p dir="ltr"><span ;=""></span></p><p dir="ltr">Investors often are sent shares in the newly created company as a bonus or s dividend for owning parent company</p><p dir="ltr">The Institutions Don’t Own It, And The Analysts Don’t Follow It – It’s a winner if you found one</p><p dir="ltr">The Rumors Abound: It’s Involved With Toxic Waste And/Or The Mafia</p><p dir="ltr">Waste management can be a great business</p><p dir="ltr">There’s Something Depressing About It – such as funeral business</p><p dir="ltr">It’s A No-Growth Industry like funerals but it’s a steady business without much competition and it’s boring</p><p dir="ltr">It’s Got A Niche with exclusive franchise and can raise prices</p><p dir="ltr">Warren Buffett started off with textiles, then newspapers and TVs</p><div><div>Drug companies and chemical companies have niches with products that no one else allowed to make</div><div>People Have To Keep Buying It like soft drinks, razor blades</div><div>It’s A User Of Technology – supermarket that uses scanners</div><div>The Insiders Are Buyers – people in the company are putting their own money into it</div><div>The Company Is Buying Back Shares</div><div>It’s a sign that the company is having faith in it’s future and investing in it</div><div>Other alternatives are raising the dividends, developing new products, starting new operations and making acquisitions</div><div>Gillette did all of that</div></div><div>Cajun Cleansers can be the greatest company of all as they did most of the things in the checklist such as new products, spinoff, patents and even issuing insurance<br></div><div><br></div><p dir="ltr"><span ;=""><br></span></p><p dir="ltr"><span ;="">Read One Up On Wall Street by Peter Lynch Chapter 7 full summary here 👇:</span><br>
<span ;="">http://mysweetluck.blogspot.com/2020/08/one-up-on-wall-streetsummarypart-2.html </span></p>
<p dir="ltr"><span ;="">Watch One Up On Wall Street by Peter Lynch Chapter 6 full summary here 👇:</span><br>
<span ;="">https://youtu.be/gdeZ3NWCnmE </span></p>
<p dir="ltr"><span ;="">Subscribe, Like and Follow me </span><br>
<span ;="">YouTube: https://youtube.com/user/MySweetLuck</span><br>
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<p dir="ltr"><span ;="">#peterlynch #stockmarket #oneuponwallstreet #wallstreet #investing #warrenbuffett #valueinvesting #invest #investingforbeginners #mohnishpabrai</span></p>
<p dir="ltr"><span ;="">Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<p dir="ltr"><span ;="">Subscribe: http://www.youtube.com/subscription_center?add_user=mysweetluck</span></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2105155815025871221.post-42037467762718267212020-08-25T09:18:00.002+08:002020-09-08T20:12:35.811+08:00One Up On Wall Street SUMMARY Part 2: Picking Winners Chapter 9 – Stocks I’d Avoid<p dir="ltr">Avoid the hottest stock in the hottest industry</p><p dir="ltr">They can go up fast and fall just as quickly</p><p dir="ltr">Negative growth industries do not attract flocks of competitors</p><p dir="ltr">Beware the next something</p><p dir="ltr">Avoid Diworseificationcs</p><p dir="ltr">Companies must make the right acquisitions and then manage them successfully</p><p dir="ltr">If a company must acquire something, it must be something related to the business</p>
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<p dir="ltr">Beware the whisper stock</p><p dir="ltr"><span ;=""></span></p><p dir="ltr">Mostly these companies are solving national problems with solutions that are imaginative or complicated</p><div><div>Beware the middleman (companies as suppliers with very little clients)</div><div>Beware the stock with the exciting name</div><div>Dull name in a good company will keep early buyers away</div><div><br></div></div><p dir="ltr"><span ;="">Read One Up On Wall Street by Peter Lynch Chapter 8 full summary here 👇:</span><br>
<span ;="">http://mysweetluck.blogspot.com/2020/08/one-up-on-wall-street-summary-part-2_24.html </span></p>
<p dir="ltr"><span ;="">Watch One Up On Wall Street by Peter Lynch Chapter 7 full summary here 👇:</span><br>
<span ;="">https://youtu.be/gdeZ3NWCnmE </span></p>
<p dir="ltr"><span ;="">Subscribe, Like and Follow me </span><br>
<span ;="">YouTube: https://youtube.com/user/MySweetLuck</span><br>
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<p dir="ltr"><span ;="">#peterlynch #stockmarket #oneuponwallstreet #wallstreet #investing #warrenbuffett #valueinvesting #invest #investingforbeginners #mohnishpabrai</span></p>
<p dir="ltr"><span ;="">Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<p dir="ltr"><span ;="">Subscribe: http://www.youtube.com/subscription_center?add_user=mysweetluck</span></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2105155815025871221.post-357349726746137912020-08-26T22:49:00.002+08:002020-09-08T20:11:47.174+08:00One Up On Wall Street SUMMARY Part 2: Picking Winners Chapter 10 – Earnings, Earnings, Earnings<p dir="ltr">Find out what makes a company valuable</p><p dir="ltr">If you are buying how much should you pay?</p><p dir="ltr">It comes down to earnings and assets</p><p dir="ltr">It can take years for the stock price to catch up with the company’s value sometimes</p><p dir="ltr">Examples of assets: real estate, machineries and everything that can go in a giant garage sales if you choose to go out of business and liquidate</p><p dir="ltr">If the liabilities are higher then the result will be negative</p><p dir="ltr">Compare the earnings line with the stock price</p><p dir="ltr">Stock price will always come back to earnings</p>
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<p dir="ltr"><span ;=""></span></p><p dir="ltr">You can identify whether a stock is overpriced by comparing with earnings</p><div><div>The famous P/E Ratio or price to earnings ratio is a useful measure whether a stock is overpriced or under-priced</div><div>Take the price of a stock and divide it by the company’s earnings for the prior 2 months</div><div>Example of P/E ratio of 10 tells you that it will be 10 years to earn the original investment back</div><div>A broker can give you the historical records of PE Ratios and track several years before you buy</div><div>Avoid stocks with extremely high PE ratio</div><div><br></div></div><p dir="ltr">Future Earnings</p><p dir="ltr">If you can’t predict future earnings, you can find out how a company plans to increase it’s earnings.</p><p dir="ltr">There are 5 basic ways for a company to increase it’s earnings </p><p dir="ltr">Reduce costs</p><p dir="ltr">Raise prices</p><p dir="ltr">Expand into new markets</p><p dir="ltr">Sell more of its products in the old market </p><p dir="ltr">Revitalize, close or dispose losing operations</p><p dir="ltr"><span ;=""></span></p><p dir="ltr"><br></p><p dir="ltr"><span ;="">Read One Up On Wall Street by Peter Lynch Chapter 9 full summary here 👇:</span><br>
<span ;="">http://mysweetluck.blogspot.com/2020/08/one-up-on-wall-street-summary-part-2_25.html </span></p>
<p dir="ltr"><span ;="">Watch One Up On Wall Street by Peter Lynch Chapter 8 full summary here 👇:</span><br>
<span ;="">https://youtu.be/jVN_MGUcm0s </span></p>
<p dir="ltr"><span ;="">Subscribe, Like and Follow me </span><br>
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<p dir="ltr"><span ;="">#peterlynch #stockmarket #oneuponwallstreet #wallstreet #investing #warrenbuffett #valueinvesting #invest #investingforbeginners #mohnishpabrai</span></p>
<p dir="ltr"><span ;="">Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<p dir="ltr"><span ;="">Subscribe: http://www.youtube.com/subscription_center?add_user=mysweetluck</span></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2105155815025871221.post-10949665200493763652020-08-27T22:49:00.003+08:002020-09-08T20:11:29.377+08:00One Up On Wall Street SUMMARY Part 2: Picking Winners Chapter 11 – The Two – Minute Drill<p dir="ltr">After learning the pricing of a company using PE ratios, you must learn what the company is doing to bring more wealth and growth or in short the story</p><p dir="ltr">Before buying a stock, you must be able to give a 2 minute monologue on why you are interested in the company, what must happen for the company to succeed and the obstacles.</p>
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<p dir="ltr">The more you know the better</p><p dir="ltr">You can devote several hours to develop a script</p><p dir="ltr">Ask about competitions for the company</p><p dir="ltr"><span ;=""></span></p><p dir="ltr">You can find the right company by getting information from the rival company especially is they are surprised and praise the competition. </p><p dir="ltr"><span ;=""><br></span></p><p dir="ltr"><span ;="">Read One Up On Wall Street by Peter Lynch Chapter 10 full summary here 👇:</span><br>
<span ;="">http://mysweetluck.blogspot.com/2020/08/one-up-on-wall-streetsummarypart-2_26.html </span></p>
<p dir="ltr"><span ;="">Watch One Up On Wall Street by Peter Lynch Chapter 9 full summary here 👇:</span><br>
<span ;="">https://youtu.be/VKTx8YRzteI </span></p>
<p dir="ltr"><span ;="">Subscribe, Like and Follow me </span><br>
<span ;="">YouTube: https://youtube.com/user/MySweetLuck</span><br>
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<p dir="ltr"><span ;="">#peterlynch #stockmarket #oneuponwallstreet #wallstreet #investing #warrenbuffett #valueinvesting #invest #investingforbeginners #mohnishpabrai</span></p>
<p dir="ltr"><span ;="">Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<p dir="ltr"><span ;="">Subscribe: http://www.youtube.com/subscription_center?add_user=mysweetluck</span></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2105155815025871221.post-33799417404016460332020-09-07T00:56:00.001+08:002020-09-07T00:59:07.251+08:00One Up On Wall Street SUMMARY Part 3: The Long Term View Chapter 17 – The Best Time to Buy and Sell<p dir="ltr">There are two periods when a bargain is met</p><p dir="ltr">During holiday period October to December brokers will encourage selling for commission and this will drive stock prices down</p><p dir="ltr">Second is during crisis and collapses that happens every few years</p><p dir="ltr"><br></p><p dir="ltr">When to sell?</p><p dir="ltr">No single formula can help</p><p dir="ltr"><span ;=""></span></p><p dir="ltr">If you know why bought a stock, then you will automatically know when to sell it</p><p dir="ltr"><br></p><p dir="ltr">When to Sell a Slow Grower</p>
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<p dir="ltr">When there’s 30 to 50 percent appreciation </p><p dir="ltr">When the fundamentals are gone</p><p dir="ltr">The company lost market share for 2 years straight</p><p dir="ltr">No new products are being developed</p><p dir="ltr">Unrelated acquisitions </p><p dir="ltr">Lots of debt</p><p dir="ltr">When to Sell a Stalwart</p><p dir="ltr">New products introduced with mixed results</p><p dir="ltr">Stock has a PE of 15 while competitors have 11-12</p><p dir="ltr">No officers or directors bought the shares</p><p dir="ltr">Vulnerable to economic slump </p><p dir="ltr">Growth been slowing down</p><p dir="ltr"><br></p><p dir="ltr">When to Sell a Cyclical</p><p dir="ltr">Sell toward the end of the cycle</p><p dir="ltr">Sell when something started to go wrong such as costs rise</p><p dir="ltr">Inventories are building up and commodities price falling</p><p dir="ltr">Competition is a bad sign that leads to price cut</p><div><div>Labor issues and the demand for product slowing down</div><div>The company failed to compete and making wrong expenses</div><div><br></div><div>When to Sell a Fast Grower</div><div>Don’t lose the tenbagger</div><div>When Wall Street and magazines are giving the highest recommendation, sell it</div><div>Same store sales are down as well as new stores</div><div>Executives are leaving to join the competition</div><div>Stock is selling at PE of 30 when the optimistic projection of growth in coming 2 years is 15 to 20 percent</div></div><div><br></div><div><div>When to Sell a Turnaround</div><div>After it’s turned around</div><div>Debt declined for five straight quarters</div><div>Inventories are rising twice at the rate of sales of growth</div><div>The PE is inflated relative to earnings prospects</div><div>Strongest division in company’s customer is suffering slowdown</div><div><br></div><div>When to Sell an Asset Play</div><div>Wait for the raid and see if shares sell at a discount to market value</div><div>Division brought a lower sale price</div><div>Reduction in corporate tax & institutional stakes increased</div></div><div><br></div><div><br></div><p dir="ltr"><span ;="">Read One Up On Wall Street by Peter Lynch Chapter 16 full summary here 👇:</span><br>
<span ;="">http://mysweetluck.blogspot.com/2020/09/one-up-on-wall-streetsummarypart-3.html </span></p>
<p dir="ltr"><span ;="">Watch One Up On Wall Street by Peter Lynch Chapter 15 full summary here 👇:</span><br>
<span ;="">https://youtu.be/CSoQxefTnvo </span></p>
<p dir="ltr"><span ;="">Subscribe, Like and Follow me </span><br>
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<p dir="ltr"><span ;="">#peterlynch #stockmarket #oneuponwallstreet #wallstreet #investing #warrenbuffett #valueinvesting #invest #investingforbeginners #mohnishpabrai</span></p>
<p dir="ltr"><span ;="">Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<p dir="ltr"><span ;="">Subscribe: http://www.youtube.com/subscription_center?add_user=mysweetluck</span></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2105155815025871221.post-71494156130086975052020-08-28T23:45:00.002+08:002020-09-06T11:19:39.210+08:00One Up On Wall Street SUMMARY Part 2: Picking Winners Chapter 12 – Getting The Facts<p dir="ltr">Get the most out of the broker</p><p dir="ltr">Let them get data on PE ratios and growth rates</p><p dir="ltr">Call the investors relations office by getting the number from your broker</p><p dir="ltr">Two simple things that you can ask. 1: what are the positives this year? 2: what are the negatives?</p><p dir="ltr">Visiting headquarters gives you a chance to meet one or more of the front office representatives</p><p dir="ltr">You can also attend annual meetings to develop useful contacts</p><p dir="ltr"><span ;=""></span></p><p dir="ltr">Wandering through stores and tasting things is a fundamental investment strategy</p><p dir="ltr">Read Annual Reports this way</p>
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<p dir="ltr">Go directly to Consolidated Balance Sheet : it lists the assets and then the liabilities</p><p dir="ltr">Add Cash and Cash Items you will get the company’s overall cash position and compare it year to year</p><p dir="ltr">Then check the long term debt and compare it year to year obviously it’s good if it’s reduced</p><p dir="ltr">Cash increases relative to debt</p><p dir="ltr">Subtract the long term debt with the cash and you will get net cash position</p><p dir="ltr">Next move on to 10 year financial summary and you will get a 10 year picture</p><p dir="ltr">You can also discover outstanding shares</p><p dir="ltr">Example if the number is decreasing that there has been an active buy backs which is a good sign</p><p dir="ltr">Divide the cash by shares outstanding and you will get the net cash that can go along with every share of the company</p><p dir="ltr">If it’s too hard you can read more about the founder of the company, ask your broker whether the company is buying back shares or not, whether the cash exceeds long term debt and how much cash there is per share</p><p dir="ltr">Value Line is easier to read than a balance sheet so you can start there</p><p dir="ltr">They even share whether the dividends have always been paid or not and also what happened during last recession</p><p dir="ltr">They also rate companies from 1 to 5 based on their financial strength.</p><p dir="ltr"><span ;="">Read One Up On Wall Street by Peter Lynch Chapter 11 full summary here 👇:</span><br>
<span ;="">http://mysweetluck.blogspot.com/2020/08/one-up-on-wall-streetsummarypart-2_27.html </span></p>
<p dir="ltr"><span ;="">Watch One Up On Wall Street by Peter Lynch Chapter 10 full summary here 👇:</span><br>
<span ;="">https://youtu.be/vrl3Q5s64sY </span></p>
<p dir="ltr"><span ;="">Subscribe, Like and Follow me </span><br>
<span ;="">YouTube: https://youtube.com/user/MySweetLuck</span><br>
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<p dir="ltr"><span ;="">#peterlynch #stockmarket #oneuponwallstreet #wallstreet #investing #warrenbuffett #valueinvesting #invest #investingforbeginners #mohnishpabrai</span></p>
<p dir="ltr"><span ;="">Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<p dir="ltr"><span ;="">Subscribe: http://www.youtube.com/subscription_center?add_user=mysweetluck</span></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2105155815025871221.post-27953607144275469712020-08-29T18:02:00.002+08:002020-09-06T11:19:06.302+08:00One Up On Wall Street SUMMARY Part 2: Picking Winners Chapter 13 – Some Famous Numbers<p dir="ltr">Here are some numbers worth noticing</p><p dir="ltr">Percent of sales of a particular product</p><p dir="ltr">The Price/Earnings ratio</p><p dir="ltr">A PE ratio that is lesser than the growth rate is a bargain</p><p dir="ltr">The Cash Position</p><p dir="ltr">A company with cash piles must be a subject to further research on why they are piling it</p><p dir="ltr">The Debt Factor</p><p dir="ltr">How much does the company owe and how much does it own</p><p dir="ltr"><span ;=""></span></p><p dir="ltr">It is debt that determines which company will survive during crisis</p><div><div>Dividends</div><div>Stocks that pay a dividend are often favoured</div><div>Some smaller companies that are not paying dividends tend to grow fast because they are pumping money into expansion</div><div>Electric utilities and telephone utilities are the major dividend payers</div><div>Find out whether a company paid dividends during crisis</div><div>Also track the record of the company raising dividends</div>
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<div>Book value often bears little relationships to the actual worth of a company</div><div>Track hidden assets such as gold and silver</div></div><div><div>So do patented drugs, franchises and brands</div><div>Cash flow is the amount of money a company takes in as a result of doing business</div><div>Free cash flow is what’s left over after the normal spending is taken out</div><div>Inventories build up is usually a bad sign</div><div>Pension plans must be checked whether the company has any overwhelming obligation or not</div><div>Growth rate is measured by changes in earnings</div><div>The bottom line is the final number at the end of income statement or in short profit after taxes</div></div><p dir="ltr"><span ;="">Read One Up On Wall Street by Peter Lynch Chapter 12 full summary here 👇:</span><br>
<span ;="">http://mysweetluck.blogspot.com/2020/08/one-up-on-wall-street-summary-part-2_28.html </span></p>
<p dir="ltr"><span ;="">Watch One Up On Wall Street by Peter Lynch Chapter 11 full summary here 👇:</span><br>
<span ;="">https://youtu.be/lAl11Qzrcfk </span></p>
<p dir="ltr"><span ;="">Subscribe, Like and Follow me </span><br>
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<p dir="ltr"><span ;="">#peterlynch #stockmarket #oneuponwallstreet #wallstreet #investing #warrenbuffett #valueinvesting #invest #investingforbeginners #mohnishpabrai</span></p>
<p dir="ltr"><span ;="">Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<p dir="ltr"><span ;="">Subscribe: http://www.youtube.com/subscription_center?add_user=mysweetluck</span></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2105155815025871221.post-75638106375131258712020-08-30T21:56:00.002+08:002020-09-06T11:17:35.831+08:00One Up On Wall Street SUMMARY Part 2: Picking Winners Chapter 14 – Rechecking the Story<p dir="ltr">Check the company’s story every few months</p><p dir="ltr">You can read Value Line or quarterly report</p><p dir="ltr">Keep an eye on the earnings</p><p dir="ltr">You can check the stores and also the merchandise</p><p dir="ltr">3 phases of the company life: the start-up phase, rapid expansion phase and the mature phase</p><p dir="ltr">The start-up phase is the riskiest for investors</p><p dir="ltr">The second phases is the safest and that’s where money is made</p><p dir="ltr"><span ;=""></span></p><p dir="ltr">Third phase can be problematic as the company runs into it’s limitations</p><div><div>Do check the company is in what phase periodically</div>
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<div>Finding it’s position of the company’s life cycle and the actions being taken by the management will help you to make the right decision.</div></div><div><br></div><p dir="ltr"><span ;="">Read One Up On Wall Street by Peter Lynch Chapter 13 full summary here 👇:</span><br>
<span ;="">http://mysweetluck.blogspot.com/2020/08/one-up-on-wall-streetsummarypart-2_29.html </span></p>
<p dir="ltr"><span ;="">Watch One Up On Wall Street by Peter Lynch Chapter 12 full summary here 👇:</span><br>
<span ;="">https://youtu.be/sZHAVlo9KK0 </span></p>
<p dir="ltr"><span ;="">Subscribe, Like and Follow me </span><br>
<span ;="">YouTube: https://youtube.com/user/MySweetLuck</span><br>
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<p dir="ltr"><span ;="">#peterlynch #stockmarket #oneuponwallstreet #wallstreet #investing #warrenbuffett #valueinvesting #invest #investingforbeginners #mohnishpabrai</span></p>
<p dir="ltr"><span ;="">Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<p dir="ltr"><span ;="">Subscribe: http://www.youtube.com/subscription_center?add_user=mysweetluck</span></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2105155815025871221.post-79502516983367469452020-09-01T23:28:00.002+08:002020-09-06T11:15:45.247+08:00One Up On Wall Street SUMMARY Part 2: Picking Winners Chapter 15 – The Final Checklist<p dir="ltr">Stocks in general</p><p dir="ltr">Find out whether the PE ratios is high or low for a company</p><p dir="ltr">Identify the percentage that the company owns, the lower it is the better</p><p dir="ltr">Are insiders buying the stock? The company is buying back the stocks? That’s good!</p><p dir="ltr">The earnings are consistent?</p><p dir="ltr">Strong balance sheet?</p><p dir="ltr"><span ;=""></span></p><p dir="ltr">What’s the cash position?</p><div><div>Slow Growers</div><div>Check if dividends are always paid and raise</div><div>What percentage of earnings are being paid? Low is better as the company will have cushion in hard times</div><div><br></div><div>Stalwarts</div><div>Big companies that won’t go out of business</div><div>Are there any possibility for diworseifications that can reduce earnings?</div><div>Long term growth rate is maintained?</div><div>How it survived previous recessions if you are going to hold it for long term</div></div><div><br></div><div><div>Cyclicals</div><div>Any new entrants in the market?</div><div>Inventories a lot? Not a good sign</div><div>Multiple time PE will shrink as business recovers</div><div>You have advantage in figuring out the cycles if you know your company is cyclical</div><div><br></div>
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<div>Fast Growers</div><div>The product is a major part of the business?</div><div>What about the growth rate in recent years? 20 to 25%?</div><div>Prove of expansion?</div><div>Still has room to grow?</div></div><div><br></div><div><div>Stock is selling at PE ratio or near growth rate?</div><div>Expansion is speeding up?</div><div>Only few institutions and analysts own?</div><div><br></div><div>Turnarounds</div><div>Can the company survive creditors?</div><div>How much cash does it have? How much debt?</div><div>If it’s already a bankrupt, then what’s there for shareholders</div><div>What’s the turnaround strategy for the company?</div><div>Business is back again?</div><div>Is the company cutting the costs?</div></div><div><br></div><div><div>Asset Plays</div><div>Figure out the hidden assets of a company and the value of the assets</div><div>Is the assets becoming less valuable where the company taking on new debt?</div><div>Is there someone to help shareholders reap the benefits of the assets?</div></div><div><br></div><div><div>Part 2 in depth summary</div><div>Understand the company and the reasons why you are holding</div><div>Put them into the right categories</div><div>Big companies will have small moves</div><div>Look for companies that are already profitable</div><div>Ignore 50 to 100 percent growth rate a year companies</div><div>Ignore hot stocks in hot industries as well as diversifications</div><div>Wait to see whether the company's plan is working out</div><div>Get information from employees, avoid tippers</div><div>Invest in simple mundane dull companies that Wall Street ignores</div></div><div><br></div><div><div>20 to 25 percent growth rate in nongrowth industries are ideal</div><div>Look for companies with niches and find the one with superior financial positions when investing in depressed stocks</div><div>Companies without debt cannot go bankrupt</div><div>Buy based on the company’s prospects not the CEO’s speaking ability</div><div>Troubled company can make a lot of money with turn around</div><div>PE ratio should not be high and find a good story to follow the progress</div><div>Buybacks are great as well as dividends. Insider buying is a good sign as well. </div><div>Devote an hour a week for research, be patient buy value</div></div><div><br></div><div><br></div><p dir="ltr"><span ;="">Read One Up On Wall Street by Peter Lynch Chapter 14 full summary here 👇:</span><br>
<span ;="">http://mysweetluck.blogspot.com/2020/08/one-up-on-wall-street-summary-part-2_30.html </span></p>
<p dir="ltr"><span ;="">Watch One Up On Wall Street by Peter Lynch Chapter 13 full summary here 👇:</span><br>
<span ;="">https://youtu.be/k9gds4Cbtu4 </span></p>
<p dir="ltr"><span ;="">Subscribe, Like and Follow me </span><br>
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<p dir="ltr"><span ;="">#peterlynch #stockmarket #oneuponwallstreet #wallstreet #investing #warrenbuffett #valueinvesting #invest #investingforbeginners #mohnishpabrai</span></p>
<p dir="ltr"><span ;="">Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<p dir="ltr"><span ;="">Subscribe: http://www.youtube.com/subscription_center?add_user=mysweetluck</span></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2105155815025871221.post-50485637971199142592020-09-05T00:38:00.003+08:002020-09-06T11:14:07.006+08:00One Up On Wall Street SUMMARY Part 3: The Long Term View Chapter 16 – Designing a Portfolio<p dir="ltr">If you expect to make 30 percent annual return year after year, get ready to be disappointed because there will be times where the return might be as low as 2 percent</p><p dir="ltr">The only way to win is by sticking to a strategy for long term</p><p dir="ltr">See whether your strategy is beating your savings account to make sure your technique is working</p><p dir="ltr"><span ;=""></span></p><p dir="ltr">Be sure to add all the knowledge expenses such as seminars, commissions, fees, magazine subscriptions to it</p><div><div>How many stocks is too many?</div><div>Peter Lynch owns about 1400 stocks!</div><div>Don’t rely on any fixed number of stocks</div><div>Own as many stocks that got an edge, passes all the research</div><div>It’s not safe to own only one stock. For a small portfolio three to ten stocks offer plenty of benefits</div>
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<div>The more you own, the more likely one of it can be a tenbagger</div><div>The more you own the more flexibility you can have in rotating funds between them</div></div><div><div>Spreading your stocks in several categories can minimize your risk</div><div>Your portfolio may change as you get older</div><div>Younger investors have more years to experiment and fail</div><div>Stay in the market forever and rotate stocks depending on the situation</div><div>Current stock price doesn’t tell bout the future of a company</div><div>Rotate in and out of stocks based on what happened to the price in relation to the story</div><div>A price drop is an opportunity to load up bargains</div><div>As long as the original story continues to make sense, stick to it and see what happens – you’ll be amazed</div></div><p dir="ltr"><span ;="">Read One Up On Wall Street by Peter Lynch Chapter 15 full summary here 👇:</span><br>
<span ;="">http://mysweetluck.blogspot.com/2020/09/one-up-on-wall-streetsummarypart-2.html </span></p>
<p dir="ltr"><span ;="">Watch One Up On Wall Street by Peter Lynch Chapter 14 full summary here 👇:</span><br>
<span ;="">https://youtu.be/6jMcGHV9o8g </span></p>
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<p dir="ltr"><span ;="">#peterlynch #stockmarket #oneuponwallstreet #wallstreet #investing #warrenbuffett #valueinvesting #invest #investingforbeginners #mohnishpabrai</span></p>
<p dir="ltr"><span ;="">Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<p dir="ltr"><span ;="">Subscribe: http://www.youtube.com/subscription_center?add_user=mysweetluck</span></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2105155815025871221.post-3254312251479962862020-06-26T00:05:00.001+08:002020-06-26T00:05:19.853+08:00The Lean Startup by Eric Ries SUMMARY Part Three: Accelerate Chapter 12 Innovate<p dir="ltr">How to Nurture Disruptive Innovation</p><p dir="ltr">Startups must be able to conceive and execute their ideas without having the need to gain excessive number of approvals</p><p dir="ltr">Identify the innovator and give credit</p><p dir="ltr"><br></p><p dir="ltr">Creating a Platform for Experimentation</p><p dir="ltr"><span ;=""></span></p><p dir="ltr">Operate as a startup regardless of size. Build and ideal model to launch a minimum viable product and tune the engine to get closer to the ideal</p><div><br></div><p dir="ltr"><span ;="">Read The Lean Startup by Eric Ries Chapter 11 full summary here 👇:</span><br>
<span ;="">http://mysweetluck.blogspot.com/2020/06/the-lean-startup-by-eric-ries-summary_22.html </span></p>
<p dir="ltr"><span ;="">Watch The Lean Startup by Eric Ries Chapter 10 full summary here 👇:</span><br>
<span ;="">https://youtu.be/kc4cQotryX8 </span></p>
<p dir="ltr"><span ;="">Subscribe, Like and Follow me </span><br>
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<p dir="ltr"><span ;="">#theleanstartup #ericries #startup #siliconvalley #venturecapital #startabusiness #entrepreneurship #businessbook #startupsuccess #innovation</span></p>
<p dir="ltr"><span ;="">Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<p dir="ltr"><span ;="">Subscribe: http://www.youtube.com/subscription_center?add_user=mysweetluck</span></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2105155815025871221.post-46713920195461472082020-06-22T23:07:00.001+08:002020-06-22T23:07:23.020+08:00The Lean Startup by Eric Ries SUMMARY Part Three: Accelerate Chapter 11 Adapt<p dir="ltr">Building an Adaptive Organization</p><p dir="ltr">Build a great training program that can evolve over time</p><p dir="ltr"><br></p><p dir="ltr">The Wisdom of The 5 Whys</p><p dir="ltr">Ask why 5 times when confronted with a problem. Repeating the questions can help to uncover the root problem and correct it</p><p dir="ltr">To avoid 5 Blames, bring in everyone involved in the problem for a discussion</p><p dir="ltr">Be tolerant of all mistakes the first time and never allow the same mistake to be made twice</p><p dir="ltr"><span ;="">Read The Lean Startup by Eric Ries Chapter 10 full summary here 👇:</span><br>
<span ;="">http://mysweetluck.blogspot.com/2020/06/the-lean-startup-by-eric-ries-summary_19.html </span></p>
<p dir="ltr"><span ;="">Watch The Lean Startup by Eric Ries Chapter 9 full summary here 👇:</span><br>
<span ;="">https://youtu.be/E6rBoRkYdYQ </span></p>
<p dir="ltr"><span ;="">Subscribe, Like and Follow me </span><br>
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<p dir="ltr"><span ;="">#theleanstartup #ericries #startup #siliconvalley #venturecapital #startabusiness #entrepreneurship #businessbook #startupsuccess #innovation</span></p>
<p dir="ltr"><span ;="">Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<p dir="ltr"><span ;="">Subscribe: http://www.youtube.com/subscription_center?add_user=mysweetluck</span></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2105155815025871221.post-64340793224115740622020-06-19T23:55:00.001+08:002020-06-19T23:55:21.361+08:00The Lean Startup by Eric Ries SUMMARY Part Two: Steer Chapter 10 Grow<div>Where Does Growth Come From?</div><div>New customers come from the actions of past customers</div><div>Primary ways past customers drive sustainable growth:</div><div>1. Word of mouth</div><div>2. As a side effect of product usage</div><div>3. Through funded advertising</div><div>4.Through repeat purchase or use</div><div><br></div><div><div>Three Engines of Growth</div><div>-Engines of growth designed to give small metrics to focus on</div><div><br></div><div>The Sticky Engine of Growth</div><div>Improving customer retention rate</div><div><br></div><div>The Viral Engine of Growth</div><div>- Powered by a feedback loop that can be quantified</div><div><br></div><div>The Paid Engine of Growth</div><div>Increase the revenue from each customer or drive down the cost of acquiring a new customer</div></div><div><br></div><div><p dir="ltr"><span ;="">Read The Lean Startup by Eric Ries Chapter 9 full summary here 👇:</span><br>
<span ;="">http://mysweetluck.blogspot.com/2020/06/the-lean-startup-by-eric-ries-summary_17.html </span></p>
<p dir="ltr"><span ;="">Watch The Lean Startup by Eric Ries Chapter 8 full summary here 👇:</span><br>
<span ;="">https://youtu.be/vh83-f2lSDY </span></p>
<p dir="ltr"><span ;="">Subscribe, Like and Follow me </span><br>
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<p dir="ltr"><span ;="">#theleanstartup #ericries #startup #siliconvalley #venturecapital #startabusiness #entrepreneurship #businessbook #startupsuccess #innovation</span></p>
<p dir="ltr"><span ;="">Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.</span></p>
<p dir="ltr"><span ;="">Subscribe: http://www.youtube.com/subscription_center?add_user=mysweetluck</span></p></div>Unknownnoreply@blogger.com0