Hello friends, In today’s article, we see Part-1, of One Up On Wall Street book chapter 1. In chapter 1, we see The Making of a Stockpicker. One Up On Wall Street book have three parts in each part 5 or 6 chapter is present. So let’s see step by step.
Making of a Stock picker:- One Up On Wall Street: Chapter 1
In chapter 1, all is about Peter Lynch’s story and how he becomes the stock picker for the Magellan fund. so let’s start pointwise
- There is no such thing as a hereditary knock of picking stock: So anyone can become the stock picker, there no such things about where you come from. so you need only is to reading habit to learn about the stock market.
- Let’s start peters own history: When peter was 7 years old, his dad expire and his mother take a job. To take care of peter. When Peter was 11 years, he also did the job of Caddy. he was say’s,” it’s good to do job is that you get the tip from rich people and also you are interacted with rich people think. (One Up On Wall Street: Chapter 1) After that in that club does work in a fidelity company. One man between that give the advice to peter to apply for the internship. Then peter applies to the internship and he got that internship. And after they do the MBA and take the job at Fidelity company. Before that, he completed his graduation from Boston College. In graduation, he studies history, psychology, logic, and political science. Not any Math, science, or Accounting. and manage the Magellan fund at fidelity company. (One Up On Wall Street: Chapter 1)
So when the author becomes the good and world-famous fund manager when they study the history, political science, logic, and psychology. So he says anybody can become a stockbroker. there is no connection between education and Investment. And they also say that” When they are doing MBA one thing good happen is his wife not any other theory about the technical analysis.” So doing an MBA is not good for Investment, because you have to forget the all study for the investment. If you can’t forget you become a terrible enemy of yours. (One Up On Wall Street: Chapter 1)
Read More: Common Stocks and Uncommon Profits
Read More: The Intelligent Investor
Read More: Next Chapter 2
So this is all about Chapter 1, part-1 from the One Up On Wall Street book.
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