Many investors, including some with substantial portfolios, have only the sketchiest idea of how the stock market works. The reason, say Lynch and Rothchild, is that the basics of investing aren't taught in school. At a time when individuals have to make important decisions about saving for college and 401(k) retirement funds, this failure to provide a basic education in investing can have tragic consequences. For those who know what to look for, investment opportunities are everywhere. The average high school student is familiar with Nike, Reebok, McDonald's, the Gap, and the Body Shop. Nearly every teenager in America drinks Coke or Pepsi, but only a very few own shares in either company or even understand how to buy them. Every student studies American history, but few realize that our country was settled by European colonists financed by public companies in England and Holland, and the basic principles behind public companies haven't changed in more than 300 years.
In Learn to Earn, Lynch and Rothchild explain in a style accessible to anyone how to read a stock table in the daily newspaper, how to understand a company's annual report, and why everyone should pay attention to the stock market. They explain not only how to invest, but also how to think like an investor.
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Hopelessly Out of Date
This title must be updated to make it of any relevance to modern investing ... the methods of research are from the early 1990's. There is very little left beyond dated statistics either -- I read this book 20 years ago, and enjoyed it, but now it is dead.
Peter Lynch was very understandable and clear in what he read. I enjoyed listening to this audiobook and had no trouble understanding what he said.
The opening story example was one I will remember on the differences on how to see your financial choices, what one should invest in and what is something that shouldn't be worried about. It helped me see that it is possible to save the money up to invest if you look at it at the right angle.
I felt this was a good eye opener and will help me on my start into my road to investing. One should not just take this book then jump into the market, but it will help you get started on the questions you should use to research and learn more about. My next steps are of course, learning all the different types of investing and which funds I may be more interested in investing with, be it mutual funds or index. There are so many choices and this at least puts many of them on my radar and helped me know what I need to know more about.