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One Up On Wall Street SUMMARY Conclusion Chapter 20 – 50,000 Frenchmen Can Be Wrong

The market, like individual stocks, can move in the opposite direction of the fundamentals over the short term Be optimistic about America and investing in general Market declines are great opportunities to buy stocks in companies that you like You can never predict the market It takes years, not months to produce big results You can make serious money by compounding a series of 20-30 percent gains in Stalwarts Stock prices often move in opposite direction but the long term, the direct and sustainability of profits will prevail Buying a company just because its cheap is a losing strategy Selling an outstanding fast grower because its stock slights overpriced is a losing technique You don’t lose anything by not owning a successful stock Stock doesn’t know that you own it Don’t be attached to a winner Don’t stop monitoring the story If you don’t think you can beat the market then buy a mutual fund Keep an open mind to new ideas Read One Up On Wall Street by Peter Lynch Chapter 19 full su
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One Up On Wall Street SUMMARY Part 1: Preparing to Invest Chapter 4 – Passing The Mirror Test

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?

1. Do I Own a House?

Most of the time, a house will be money maker

People who are geniuses in their houses are idiots in their stocks

In stocks you are taxed frequently

Usually there will be far less headlines to scare house owners compared to stock holders

Houses can be profitable like stocks when they’re held for a long period of time

People are much more comfortable in holding to their house for example 7 years than in owning stocks 

The reason why many lose in stocks because they spend months choosing their houses and only minutes choosing their stocks

2. Do I Need The Money?

Don’t put your child’s college education money that you are going to use in two or three years into stocks

Stocks are predictable over ten to twenty years compared to two or three years

Only invest what you could afford to lose without that loss having any effect on your daily life in the foreseeable future

3. Do I Have The Personal Qualities It Takes To Succeed?
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
When the market drops most investors are concerned and refrain from buying good companies at bargain price
After buying at higher price, they get complacent because the price is going up
When the stock falls, they capitulates and sells immediately
Stand by your stocks as long as the fundamental strory of the company hasn’t changed

Read One Up On Wall Street by Peter Lynch Chapter 3 full summary here 👇:
http://mysweetluck.blogspot.com/2020/07/one-up-on-wall-street-summary-part-1_16.html

Watch One Up On Wall Street by Peter Lynch Chapter 2 full summary here 👇:
https://youtu.be/aw2byqbHluM

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