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Beating the Street

3.91  ·  Rating Details  ·  2,818 Ratings  ·  70 Reviews
Legendary money manager Peter Lynch explains his own strategies for investing and offers advice for how to pick stocks and mutual funds to assemble a successful investment portfolio.

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
ebook, 336 pages
Published March 13th 2012 by Simon & Schuster (first published January 1st 1992)
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Richard Stephenson
I recommend this book to those: who are relatively new to the financial / investment arena and are looking for some insight into a sound investment *plan*... and can tolerate some very outdated examples.
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
Dec 20, 2012 John rated it really liked it  ·  review of another edition
Shelves: business
I think there were 3 purposes of this book.

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
Jerrine Regester
This book was written in 1993 and I dusted it off my book shelf and read it over 20 years later just to see what withstood the test of time. Although many things have changed in the past 20 years that are no longer relevant, a quick peruse of this book can give perspective to the ups and downs of the market and business in general. Lynch discusses both his hits and misses and it is fun to read where he did miss the mark. For example about the copper market he writes: "A traditional phone system ...more
Dan Walker
What I learned from this book is that to beat the street (meaning, earning a greater return than the average mutual fund or the S&P 500) you have to work harder than the street. To find one good stock you're going to have to research 10 stocks. That the only way to know which are the best stocks to own is to research and know every company selling stock in the world! Basically, that it's just plain hard work, because you are looking for stocks that the market has underpriced, either due to l ...more
Katie O'bryan
An American legend, though a bit of a tough read for me.
Feb 12, 2015 Terry rated it liked it  ·  review of another edition
I think Lynch's investing success is hard to replicate:

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
Marco den Ouden
Aug 02, 2014 Marco den Ouden rated it really liked it  ·  review of another edition
Invest in What You Know and Like and Understand!

“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
David Glad
In comparison to One Up, this one sounded more like an old man trying to reflect on his glory days and insist "I told you so" at one part by his commentary of the collapse of Japan's bubble, whereas in the previously one he commented more in passing a simple "I thought it (their market) was overpriced."
Eugene Tan
Aug 14, 2015 Eugene Tan rated it liked it  ·  review of another edition
Shelves: financial
Unlike his other 2 books (One up on Wall Street & Learn to Earn), I had chosen to give this book 3 stars instead due to my own inability to relate much to the examples cited in the book. Overall, it was still a relatively easy read.

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
Steve Bradshaw
Jan 29, 2011 Steve Bradshaw rated it really liked it  ·  review of another edition
Shelves: investment
Great book. A little dangerous for people without a solid financial background but great thoughts on how to pick good companies and stick with them. I recommend complementing this read with the intelligent investor by Ben Graham.

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
This review has been hidden because it contains spoilers. To view it, click here.
RT Wolf
Jan 05, 2013 RT Wolf rated it really liked it  ·  review of another edition

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

Jan 23, 2016 Mark rated it liked it  ·  review of another edition
Shelves: business-finance
This review has been hidden because it contains spoilers. To view it, click here.
Margaret Lozano
Dec 17, 2015 Margaret Lozano rated it really liked it  ·  review of another edition
Recommends it for: Focused investors.
Recommended to Margaret by: Everyone.
Good advice on investing, overall, from one of the most successful investors in history. Reading this book will not make you Peter Lynch, but eventually, even Peter Lynch bowed out of his Magellan fund...Read it with a grain of salt. Lynch is a genius who landed on The Street at the best moment in history for his investing style. But today's successful investors will make their returns differently.
Zhi Ling Tan
Feb 16, 2014 Zhi Ling Tan rated it did not like it  ·  review of another edition
i think this book does give brilliant insight into the investing 'strategy' of a very successful and busy fund manager. probably useful for people who are very into this field. still, do have some reservation with the stockpicking part, which still appears like overconfidence in making predictions. you can just take in the general investment rules at the end of the book ;)
Douglas O'laughlin
Great book! It is very simplistic in a lot of ways but lynchs goal is to demystify Wall Street, and I love the voice and personality that comes through. Very interesting book, written by one of the best investors of all time.
Jan 11, 2015 Loren rated it really liked it  ·  review of another edition
Very astute advice to the beginning investor. Especially someone who is trying to strike it rich in the market. Basically pay attention to your surroundings and businesses that get it right, then investigate.
Jun 14, 2013 Vincent rated it it was amazing  ·  review of another edition
Shelves: business
This is an incredibly unique book written by one of the most underrated investors ever. It's fascinating hearing Lynch's story of how he ran the Magellan Fund, especially how he solicited CEOS of public companies that he was interested in. Alongside these experiences, he incorporates words of wisdom and general guidelines for investing. In general, his advice is remarkably simple, yet remarkably overlooked by modern investors. Probably his most famous piece of advice would be his KISS method (Ke ...more
Amit Arora
Enjoy the thrilling journey, continued from One Up on Wall St, Lynch goes in detail of retail/restaurant stocks and portfolio construction strategy.
Ayush Srivastava
I read it with the intention of understanding Indian share market scenario.
However, the book is simply not adequately suited for Indian audience.
Jul 13, 2015 Josip rated it it was amazing  ·  review of another edition
Shelves: finance
You will get blown away by Peter Lynch's enthusiasm about stocks and stock-picking. Definitely a must read for any amateur of professional interested or dealing with stocks.
Jul 23, 2014 Peter rated it liked it  ·  review of another edition
(read this before Goodreads, added this years after reading the book)

Probably liked it.
Jun 04, 2008 James rated it liked it  ·  review of another edition
i really liked this book. peter lynch seems like a very humble, hard-working, down-to-earth man. i especially enjoyed the first part of the book where he makes a case for individuals to pick their own stocks instead of investing with mutual funds (which is somewhat ironic given that he was one of the most successful mutual fund managers ever). the book was written almost twenty years ago, so a lot of the companies he mentions aren't around anymore but the investing lessons are the same. also, it ...more
Dec 19, 2015 Chitrang rated it it was amazing  ·  review of another edition
Excellent book for beginers like me. The first chapter is especially eye opening.
Saeed Shaaban
Out-dated book, but does the job to motivate you into joining the investment world.
Jeff Gordon
This book taught me how to be rich... In multiple ways!
Julian Bu
Sep 29, 2014 Julian Bu rated it really liked it  ·  review of another edition
Not as good as One Up on Wall Street, but still good.
Aug 16, 2015 Samot rated it liked it  ·  review of another edition
Bra första del, bra 25 principer men handlade mest om USA. Aktietips i slutet som var halvintressanta...
Michael McGee
Aug 12, 2014 Michael McGee rated it really liked it  ·  review of another edition
Classic value investing
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Peter Lynch is an American businessman and stock investor. Lynch graduated from Boston College in 1965 and earned a Master of Business Administration from the Wharton School of the University of Pennsylvania in 1968.

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 about Peter Lynch...

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“The lesson here is: don’t spend a lot of time poring over the past performance charts. That’s not to say you shouldn’t pick a fund with a good long-term record. But it’s better to stick with a steady and consistent performer than to move in and out of funds, trying to catch the waves. Another major issue is what happens to a” 0 likes
“stick with a steady and consistent performer” 0 likes
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