Resumo livro one up on wall street

INTRODUCTION

FORGET THE TIPS. Or at least do the homework over it.
When it comes to predicting the market, the important skill here is not listening, its snoring. The trick is not to learn to trust your gut feeling, but rather to discipline yourself to ignore them. Stand by your stocks as long as the fundamental story of the company hasn´t changed.

To make a spectular showing, you only have to find one big winner out of eleven.

Market Lag. Analistas mantem seu foco de análise sobre empresas que já estão em pauta na maioria dos outros analistas. As empresas pequenas com grande potencial de crescimento ficam fora do "radar" dos analistas, existe um lag para os analistas perceberem os potenciais de pequenas empresas que não estão em seus radares.

Most important, you can find terrific opportunities in the neighborhood or at the workplace, months or even years before the news has reached the analysts and the fund managers they advise.

Six out of ten is all it takes to produce an enviable record on Wall Street.

Consistent winners also resign themselves to the fact that they´ll ocasionally be dealt with a great opportunity, but by some reason the market turn it upside-down. They accept their fate and go on to the next opportunity, confident that their basic method will reward them over time.

People who succeed in the market, also accept periodic losses, setbacks, and unexpected ocurrencees. Calamitous drops do not scare them out of the game if the fundamentals are on the course and there are no sudden unlikely prospects or news.

PASSING THE MIRROR TEST

(1) Do i own a house: You’re a good investor in houses because you know how to poke around from the attic to the basement and ask the right questions. Stocks are the same.

(2) Do i need the money: Only invest what you could afford to lose without that loss having any effect on your daily life in the foreseeable future.

(3) Do I have the personal qualities it takes to succeed?
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