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One Up On Wall Street

Peter Lynch · 1989

Finance & Investing
Cover of One Up On Wall Street

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

Peter Lynch, who achieved a 29.2% average annual return managing Fidelity's Magellan Fund, shows that individual investors have advantages over Wall Street professionals. By paying attention to the products and services they encounter in daily life, ordinary people can spot winning investments before the experts.

Lynch managed the Magellan Fund from 1977 to 1990, turning $18 million into $14 billion and outperforming the market consistently. His key insight: amateur investors can beat the professionals because they encounter great companies — in malls, restaurants, and workplaces — before Wall Street analysts discover them.

Know what you own, and know why you own it.
— Peter Lynch
from One Up On Wall Street
Go for a business that any idiot can run — because sooner or later, any idiot probably is going to run it.
— Peter Lynch
from One Up On Wall Street
In the long run, it's not just how much money you make that will determine your future prosperity. It's how much of that money you put to work by saving it and investing it.
— Peter Lynch
from One Up On Wall Street
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