Beating the Street
Develop a Winning Investment Strategy—with Expert Advice from “The Nation’s #1 Money Manager.” Peter Lynch’s “invest in what you know” strategy has made him a household name with investors both ...more
I enjoy Mr. Lynch's insight into what makes a good investment plan and have gathered some very useful information from this book. I will admit to having to maintain a constant "what CAN I get from this example?" approach to a majority of the book as it is a bit out-dated. Then again, *w ...more
1 - Get you excited to invest in stocks
2 - Teach you to invest in what you know
3 - Teach you to invest regularly and avoid psychological pitfalls
If you look at it as analysis on companies, it makes no sense, as it was written in the early '90's and not only are his analysis no longer accurate, some of the companies don't even exist in the same form.
What you should look at is his methodology of gaining information and researching companies. His excitemen ...more
1. By holding 1,400 stocks, his portfolio is way too diversified. He buys stocks that he barely knows, and then follows the company to add or sell. I'm not sure if this is a good way to manage money. I think anyone who holds this many stocks is basically holding the entire market. The fact that Lynch returned 29% annually for 10+ years must be magic (or luck).
2. I feel he really likes to look back and make hypothesis (if you owned xxx in 198 ...more
“Twenty years in this business convinces me that any normal person using the customary three percent of the brain can pick stocks as well as, if not better, than the average Wall Street expert.” - Peter Lynch
One of the wisest money managers of all time is Peter Lynch, the one-time portfolio manager of the spectacularly successful Fidelity Magellan Fund. He managed that fund for thirteen years and a thousand dollars invested in it when he started in ...more
I gave this book 3 stars as I had several difficulties in relating to the examples that were given in the book.
My main take-aways were:
1) Understanding the balance sheet (Pages 169 - 176)
2) Need for 6 monthly check-ups on the stories of the stocks.
3) The many dif ...more
Lynch makes a great case for investing your own savings in stocks (versus trusting it to a money manager or investing in fixed income assets). His basic thesis is that having a long-term orientation, sticking with safe, financially strong companies in good niches and av ...more
Develop a Winning Investment Strategy -- with Expert Advice from "The Nation's #1 Money Manager"
Peter Lynch's "invest in what you know" strategy has made him a household name with investors both big and small.
An important key to investing, Lynch says, is to remember that stocks are not lottery tickets. There's a company behind every stock and a reason companies -- and their stocks -- perform the way they do. In this book, newly revised and updated for the paperback edition, Peter Lynch shows...more
Lynch worked at Fidelity Investments where named head of the then obscure Magellan Fund which had $18 million in assets. By the time Lynch resigned as a fund manager in 1990, the fund ...more