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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 2: Picking Winners Chapter 12 – Getting The Facts

Get the most out of the broker

Let them get data on PE ratios and growth rates

Call the investors relations office by getting the number from your broker

Two simple things that you can ask. 1: what are the positives this year? 2: what are the negatives?

Visiting headquarters gives you a chance to meet one or more of the front office representatives

You can also attend annual meetings to develop useful contacts

Wandering through stores and tasting things is a fundamental investment strategy

Read Annual Reports this way

Go directly to Consolidated Balance Sheet : it lists the assets and then the liabilities

Add Cash and Cash Items you will get the company’s overall cash position and compare it year to year

Then check the long term debt and compare it year to year obviously it’s good if it’s reduced

Cash increases relative to debt

Subtract the long term debt with the cash and you will get net cash position

Next move on to 10 year financial summary and you will get a 10 year picture

You can also discover outstanding shares

Example if the number is decreasing that there has been an active buy backs which is a good sign

Divide the cash by shares outstanding and you will get the net cash that can go along with every share of the company

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

Value Line is easier to read than a balance sheet so you can start there

They even share whether the dividends have always been paid or not and also what happened during last recession

They also rate companies from 1 to 5 based on their financial strength.

Read One Up On Wall Street by Peter Lynch Chapter 11 full summary here 👇:
http://mysweetluck.blogspot.com/2020/08/one-up-on-wall-streetsummarypart-2_27.html

Watch One Up On Wall Street by Peter Lynch Chapter 10 full summary here 👇:
https://youtu.be/vrl3Q5s64sY

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