By Robert Miller | Portfolio Manager at NAOS Asset Management
one Up on Wall Street by Peter Lynch
An oldie but a goodie. This easy to read book is one of the most iconic investment books ever written. Whilst originally published in the late 1980s, many of the simplistic lessons contained within this book still hold firm today in all environments, especially in volatile equity markets.
Peter Lynch was the famed investment manager who ran Fidelity’s Magellan Fund from 1977 through to 1990. During that time it was the one of, if not the best performing fund globally. Peter’s words in this book keep everything simple. He describes how and why institutional investors often think differently from retail investors, and also focuses on the notion of understanding what you’re investing in. By thinking logically, rationally and sticking to what you know, can be a very practical and tangible way to discover, maintain and stay inside your circle of competence.
Whether you’re about to purchase your first parcel of shares or have been doing it for decades, reading this book can’t hurt your chances of having longer term success.
Link to Book
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