One Up On Wall Street

Three of the ideas you’ll keep

The Clif summary of One Up On Wall Street pulls out 7 insights. Here are the first three.

1. Use your everyday edge: the products you buy, the stores that are packed, and the tools your job depends on can tip you off to great companies before analysts ever notice, but a hot tip is only a starting point, never a reason to buy.
2. Always do the homework. Investing without researching a company is like playing stud poker without looking at your cards. Spend a few hours on the 'story' before you spend a dollar on the stock.
3. Sort every stock into one of six buckets, slow grower, stalwart, fast grower, cyclical, turnaround, or asset play, because the bucket tells you what to expect and how to handle it. The big money lives in fast growers (20–25% earnings growth) and well-timed turnarounds.

The other 4 — and the full 9-minute summary — are in the app.

What’s inside: 8 chapters

The whole summary runs about 9 minutes, read or listened to.

1. Your Edge Over Wall Street
2. Stalking the Tenbagger
3. The Six Categories of Stocks
4. Picking the Winners: What Makes a Great Company
5. Stocks to Avoid and the Danger of Diworseification
6. The Two-Minute Drill and the Story
7. Reading the Numbers: Earnings, P/E, and the PEG Ratio
8. The Final Checklist: Buying, Holding, and Selling