One Up On Wall Street: How To Use What You Already Know To Make Money In The Market - Peter Lynch

요약 보기

결론: 피터 린치의 'One Up On Wall Street'를 소개하며 투자 원칙과 투자자 마인드를 정리한 영상으로, 특정 종목이나 자산의 가격 전망은 제시하지 않는다. 책 소개: 린치는 피델리티 마젤란 펀드를 운용하며 연평균 약 29% 수익을 냈고, 같은 기간 S&P 500은 연 8~10% 수준이었다고 언급했다. 책의 핵심 원칙: 보유 기업의 성격과 보유 이유를 이해하고, 특정 제품으로 이익을 볼 기업의 규모를 고려하라는 내용이다. 연 50~100% 성장률 기업은 의심하고, 핫한 산업의 핫주식은 피하며, 주목받지 못한 단순하고 지루한 기업에 투자하라고 한다. 기업 선별 기준: 니치 시장을 가진 기업, 부채가 없어 파산하지 않을 기업을 찾으라고 한다. 경영진 능력은 평가가 어려우니 대표의 이력서나 말솜씨가 아니라 기업의 전망에 근거해 매수하라고 한다. 밸류에이션과 주주환원: 주가수익비율(PER)이 과도하게 높으면 다른 것이 모두 맞아도 수익이 나지 않는다고 경고한다. 꾸준히 자사주를 매입하는 기업을 찾고, 과거 배당 기록과 경기침체 시기의 실적을 살펴보라고 한다. 투자 태도: 주당 최소 1시간은 투자 리서치에 쓰고, 주가는 끓는 물처럼 단번에 오르지 않으니 인내하라고 한다. 새 주식을 고르는 데에도 새 냉장고를 고를 때만큼 공을 들이라고 한다. 출연자 관점: 감정과 논리를 분리하는 것이 지능적 투자의 핵심이며, 명확한 공부 시간(1만 시간 법칙 인용)이 필요하다고 강조한다. 특정 자산의 1~3개월 가격 방향에 대한 발언은 없다.

다듬은 글

※ 자동 자막 원문(다듬기 전)

01. everyone so this video is about the book one-up Wall Street by Peter Lynch and for those of you who don't know who Peter Lynch's he is one of the greatest investors of all time he was a fund manager at fidelity and he managed a fund called the Magellan fund and during his time as a manager or a fund manager of Magellan he was able to get annual returns of 29% now to put that into perspective the SMP 500 which is basically America's stock market or it's the composite or the index of America's 500 biggest companies and the sp500 only got an annual return of between 8 to 10% a year obviously every year is different but overall and between 8 to 8 and 10% on a per year basis and he was able to get 29% so that's a 20% gap between the S&P 500 and what he was doing and so pretty much what he talks about in terms of investing and how to pick companies that are winners I think he knows a thing or two about them and so this book is such a great book for those of you who are interested in learning to invest or want to increase your investing knowledge definitely check out this book it had a lot of great principles that I've read from other investors such as Benjamin Graham's intelligent investor and Warren Buffett's style of investing so this book it talks about his decisions or decision-making process or some of things that he looked out for when he invests in a company or when he buys stocks all right and so in this video I'm actually going to share with you some of the points that he addresses in his summary so in the book there's a summary of all the points that he lists out and I'm going to share with you some of those points and they're all really great points but the ones that I'm going to share with you I think are the kind of most important ones obviously everything that he talks about is the most important but just for the sake of this video I'm going to share the ones that I thought were the biggest ones okay so let's get started now the very first one understand the nature of the companies you own and the specific reasons for holding the stock consider the size of a company if you expect it to profit from a specific product beats us be suspicious of companies with growth rates of 50 to 100 percent a year avoid hot stocks in hot industries long shots almost never pay off invest in simple companies that appear dull mundane out of favor and haven't caught the fancy of Wall Street look for companies with niches companies that have no debt can't go bankrupt managerial ability may be important but it's quite difficult to assess base your purchases on the company's prospects not on the president's resume or speaking ability carefully consider the pre or the price earnings ratio if the stock is grossly overpriced even if everything else goes right you won't make any money look for companies that consistently buy back their own shares study the dividend record of of a company over the past years and also how his earnings have fared and past recessions devote at least an hour a week to Investment Research adding up your dividends and figuring out your gains and losses doesn't count be patient watched stock never boils the last one invest at least as much time and F in choosing a new stock and you would in choosing a new refrigerator there you have it those are his points or the top points from his top points or his summary and one thing I would like to add about this when I was reading this book something that I just kind of realized was that if you want to become good at trading or buying and selling you have to be well number one is you can't think so much with emotion people are very emotionally charged when it comes to the just socks you know you hear a hot tip oh I'm going to buy that but you know nothing about it right so that's what Benjamin Graham talks about in the intelligent investor separating emotions with money and that's what's really difficult when you see your money going down your emotions come to play and then that's why you have people who lose money and so in the book the Intelligent Investor of Benjamin Graham we're saying to become an intelligent investor you don't necessarily need to be smart you just need to be good with separating your emotions with logic so if you know that something is going up or will go up but the price is going down being able to hold on to that share or that or those stocks that's what makes you intelligent compared to the people who are very emotion driven so that's one thing the second thing that I kind of realized from reading this book is that if you want to be good at anything you have to put in the time energy and effort to study something to learn about it and this kind of goes back with the 10,000 hour rule that Malcolm Gladwell talks about in the in his book called outliers and in that book he says that you know anyone who's of greatness or anyone who's done a lot of things in life anything significant they've all spent at least 10,000 hours and they through the 10,000 hours they've gained a level of mastery and so that's the same thing with yourself do you want to make money you got to spend the time to learn about investing or learn about how companies operate or learn about what their numbers mean on their financial statements and so yak those are two things that I think are very key separating emotions from your from from logic and knowing or spending the time into learning about investing all right well anyway so I hope you enjoyed this video if you did please give it a thumbs up hit that subscribe button if you want further notifications of future videos or future videos of books that I've reviewed and yeah if you're interested in the book there's a link down below and check out my website at www.weather.gov/elko bye for now