FACTS Book of the Month is, “One Up On Wall Street - How to Use What You Already Know to Make Money in the Market”, authored by Peter Lynch. “One Up On Wall Street” is a very common sense approach to investing in securities on the various stock exchanges that make up Wall Street. For those who are not familiar with Peter Lynch, he was the former portfolio manager of the Magellan Fund, which is one of the most successful mutual funds in the history of the stock market! He will help build your confidence in investing, while demystifying the black box known to many as a place where only the rich get richer.
The “Gellan” Lynch tells you that all you really need from an investment advisor is to execute the buy/sell order. No one in an industry or a company knows more than the person who actually works in it or consumes the products and services of it. With his proven method of investment success he states that, “All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don’t work out.” Written in a fanciful and lively manner Lynch makes the discussion of investing as interesting and simple as your favorite sitcom. You will not be disappointed in this must read for those ready to invest. Know the FACTS!
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