Personal
Mar 17, 2011
Sean
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Three Priests by my Grandfather James Morton

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Aug 14, 2010
Sean
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Peter Lynch’s One Up On Wall Street 300 pages in 30 seconds

I recently finished reading the famous “#1 Money Manger – Time” Peter Lynch‘s best seller  One Up On Wall Street – How to use what you already know to make money in the market. It is exactly 302 pages, but literally in the last few chapters he summarises pretty much all what you need to learn from his book in about 30 bullet points. So I have taken the liberty to post it on  to save you reading that 300 pages, as today time is very limited and I wouldn’t mind it if someone had summarised the key points of the book for me.

This book is all about stock picking and using your own local expertise to give you that edge in picking those 10 baggers (1000% ROI)!

  • Understand the nature of the companies you own and the specific reasons for holding the stock. (“It is really going up” doesn’t count.)
  • By putting your stocks into categories you’ll have a better idea of what to expect from them (categories are Slow Growers, Stalwarts, Cyclicals, Fast Growers, Turnarounds, Asset Plays)
  • Big companies have small moves, small companies have big moves.
  • Consider the size of a company if you expect it to profit from a specific product.
  • Look for small companies that are already profitable and have proven their concept can be replicated.
  • Be suspicious of companies with growth rates of 50 to 100 perfect a year.
  • Avoid hot stocks in hot industries.
  • Distrust diversifications, which usually turn out to be diworsefications.
  • Long shots almost never pay off.
  • It’s better to miss the first move in a stock and wait to see if a company’s plans are working out.
  • People get incredibly valuable fundamental information from their jobs that may not reach the professionals for months or even years.
  • Separate all stock tips from the tipper, even if the tipper is very smart, very rich and his or her last tip went up.
  • Some stock tips, especially from an expert in the field, may turn out to be quite valuable. However, people in in the paper industry normally give out tips on drug stocks, and people in the health care field never run out of tips on the coming takeovers in the paper industry.
  • Invest in simple companies that appear dull, mundane, out of favour, and haven’t caught the fancy of Wall Street. (or local equivalent)
  • Moderately fast growers (20 to 25 percent) in non-growth industries are ideal investments.
  • Look for companies with niches.
  • When purchasing depressed stocks in troubled companies, seek out the ones with the superior financial positions and avoid the ones with the loads of bank debt.
  • Companies that have no debt can’t go bankrupts.
  • Managerial ability may be important, but it’s quite difficult to assess. Bases your purchases on the company’s prospects, not on the president’s resume or speaking ability.
  • A lot of money can be made when a troubled company turns around.
  • Carefully consider the price-earnings ratio. If the stock is grossly overpriced, even if everything else goes right, you won’t make any money.
  • Find a story line to follow as a way of monitoring a company’s progress.
  • Look for companies that consistently buy back their own shares.
  • Study the divided record of a company over the years and also how its earnings have fared in past recessions.
  • Look for companies with little or no institutional ownership.
  • All else being equal, favour companies in which management has a significant personal investment over companies run by people that benefit only from their salaries.
  • Insider buying is a positive sign, especially when several individuals are buying at once.
  • Devote at least an hour a week to investment research. Adding up your dividends and figuring your gains and losses doesn’t count.
  • Be patient. Watched stock never boils.
  • Buying stocks based on stated book value alone is dangerous and illusory. It’s real value that counts.
  • When in doubt, tune in later.
  • Invest at least as much time and effort in choosing a new stock as you would in choosing a new refrigerator.

    • Copyright (c) Peter Lynch, 1999. All rights reserved.

    If you are interested in learning more you can always purchase the book (below).

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

    Hope you enjoyed Peter Lynch’s One Up On Wall Street 300 pages in 30 seconds.

    Uncategorized
    Jul 30, 2010
    Sean
    3 Comments

    Entrepreneurial organisations & events in Sydney

    I have decided to write a little summary on the organisations and events which are aimed at entrepreneurs in Sydney especially focusing on networking, which on more cases than one can turn into leads to help grow your business. I have wrote about them chronologically in when I first came into contact with the organisation or event, hope it is of value to you.

     

    Who: ACES UTS (Australian Collaborative Entrepreneurial Society – University of Technology, Sydney)

    What: Events include the ‘Boiler Room’, Featured guest speakers, brainstorming sessions and workshops

    Why: If you’re a student you will find ‘like mind’ young entrepreneurs which provides a valuable networking source and especially some quality inspirational guest speakers.

    How: The society is based at UTS, join their facebook group and fan page to receive updates and event invites

    Website: ACES UTS

     

    Who: The Entourage

    What: Events include the ‘Entourage Networking Function’ currently located at Bar 333 (near Wynyard Station) as well as running Entrepreneurs Essentials Program

    Why: Jack Delosa, founder of The Entourage is one man you must meet if you’re to be part of the Sydney entrepreneurial movement. Previous GM and Co-owner of MBE Education (educates SME’s on capital raising and exits) has the experience and know how to help your business grow.

    How: The company is based in Pyrmont, join their facebook fan page to receive updates and event invites

    Website: The Entourage

    Entrepreneurs Night Out 300 empty Young Entrepreneurs Night Out. Its baaaaaack! (But slightly different.)

    Who: Anthill Online Magazine

    What: Anthill’s Young Entrepreneurs’ night out

    Why: Guest entrepreneurs’ make up a speaker panel and provide valuable insight into the ups and downs of their own businesses and try and provide advice to the audience’s niggling queries. After the panel an open and relaxed networking environment allows you to wander around meet fellow entrepreneur’s and the panellists themselves.

    How: Join their facebook fan page to receive updates and event invites

    Website: Anthill’s YENO

    The Hive

    Who: The Hive Sydney

    What: The Hive are predominantly networking events, where a guest speaker is also invited to provide some insight to their successes and woes.

    Why: A number of successful entrepreneur’s are selected to speak at the events, what is great is there is a lot of time to walk around, meet a lot of interesting people and have a beer or two.

    How: Join their facebook fan page to receive updates and event invites

    Website: The Hive

    That is it for now, when I come across new organisations/societies I will update this post in the coming future, hope it was of use to you budding entrepreneurs out there!

    Personal
    Jul 17, 2010
    Sean
    2 Comments

    Sean Boange’s first post

    Hi all,

    Welcome to seanboange.com my personal blog.

    I have been meaning for a while to get this set up ever since I got those free .com domain vouchers from the Crazy Domains girls at CeBit. Finally got around to it last weekend when I got Chris to set it up for me, so I must thank him for hosting this for free.

    As this is my first post I will outline the kind of content I’m hoping to include. It will primarily be a personal blog around my personal interests and some professional topics.

    I think that’s all I have for my first ‘official’ blog post and hope what I plan to write interests you and please leave any comments for feedback on how I can improve my blog.

    Stay Classy, World (Burgundy, 2008)

    – I’ll think of a good sign off line soon enough

    Sean

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