One Up On Wall Street

Lynch ran Fidelity Magellan from 1977 to 1990 and posted a 29.2% annualized return. He retired at 46 and wrote this book to explain how he did it. The thesis is delightfully democratic: the average person spots great companies in their daily life — at the mall, at the gas pump, in their kid's closet — months before Wall Street analysts catch on. His "tenbagger" framework (stocks that go up 10x) is what made him famous. Some of the specific examples are dated, but the framework for evaluating a business — story, numbers, management, industry — is timeless. Five worms. Read alongside The Intelligent Investor for the value/growth yin-yang.