ONE UP ON WALL STREET PETER LYNCH SUMMARY Lynch opens the book with the contention that the average investor can perform as well as most experts. He dubs stocks that earn ten times of initial investment amount as "tenbaggers." Money for investing can be saved through minor lifestyle adjustments. Although the author attends many functions with high-level market professionals, he still finds many of his stock picks in his everyday life. The novel is divided into three portions: preparing to invest, picking winners, and long-term view. He states that there is no such thing as a born stockpicker, and that picking stocks is an art rather than a science, and as such cannot be quantified. The author worked as a caddy in his youth and traded golfing advice for stock picks. He utilizes the term "street lag" to describe the amount of time between when consumers recognize a good product and when wall street recognizes the company. Some stock...
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