Hello friends, I am Laxman, in today’s article we see chapter 6 of one up on wall street. In chapter 6 stalking the ten-bagger, this chapter includes part-2 is picking a winner. Chapter 6 is all about how to find the stock which stays around us.
According to peter lynch, how to find the stock. the best way to find the stock is in your home. So in chapter 6, we see different common steps to find stocks.
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So the above example, you can see every company is famous and everyone knows about this company. But people don’t learn to invest in that company. Peter Lynch says, ” You know, which is famous, you also know the tire, movie and also the medicinal company.” So funny thing is that those who work in an oil company employee, This employee see the stock in the Pharmaceutical company. And Doctor is seen to invest in the oil company instead of pharma. Because the doctor knows about the company product and also his earning. but they don’t invest in this.
So the doctor has to invest its own industry because those know the business criteria and also the product information is more than the other company. So do research of own industry and invest in that company for the ten-bagger.
Peter Lynch gives his own example, When peter was a mutual fund manager, and also very well know about financial services. But they invest in the oil company and they miss the financial company. Franklin company produce a good return and become the ten-bagger. So the author misses this company and ignores this company and invests in an oil company.
So this type of company has a hidden asset and only knows that person who works in that company. for example, the book value of land in one company. The price of that land is this buying on time. and in the period the price is going high. So invest in the company to see the hidden asset.
So this is all about chapter 6 of One Up one wall street book.
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