On Investing : How to Use What You Already Know to Make Money in the Market

Lynch, Peter, Rothchild, John

ISBN 10: 0671661035 / ISBN 13: 9780671661038

Published by Simon & Schuster, 1989

About this Item

Former library book; may include library markings. Used book that is in excellent condition. May show signs of wear or have minor defects.

Seller Inventory # 6460527-75

Bibliographic Details

• Title: On Investing : How to Use What You Already Know to Make Money in the Market
• Publisher: Simon & Schuster
• Publication Date: 1989
• ISBN 10: 0671661035
• ISBN 13: 9780671661038
• Condition: Very Good

About this title

Synopsis

The manager of a top investment fund discusses how individuals can make a killing in the market through research and investment techniques that confound conventional market wisdom

Reviews

Writing with Rothchild ( A Fool and His Money ), Lynch, director of the Fidelity Magellan Fund, the nation's largest equity fund ($9 billion in assets), argues that average investors can beat Wall Street professionals by using the information that they encounter in their everyday lives. For example, Lynch invested in Hanes after his wife told him about the popularity of L'eggs pantyhose. Other winning stocks that average investors could have picked well before Wall Street became aware of them include LaQuinta motels, the Limited clothing store chain and Agency Rent-A-Car, note the authors. They advise readers to look for spectacular growth among companies that sound dull; do something disagreeable; are spinoffs; are buying back theor own stock. They caution readers to avoid companies touted as the next IBM or Xerox; that are diversifying ("diworseifying"); that depend on a single customer. The book is also a primer on how the stock market works and is written in a light, entertaining style. Investors will be able to put the shrewd insights presented to good use. Author tour.
Copyright 1988 Reed Business Information, Inc.