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Beating the Street

4.06  ·  Rating details ·  6,677 ratings  ·  220 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
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Paperback, 336 pages
Published May 25th 1994 by Simon Schuster (first published January 1st 1992)
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Popular Answered Questions
Vadim Yes, you should read it too. This book gives more practical information (e.g. how to choose real shares for investing) and gives 21 examples.
Albert Yes, it even has some chapters speaking about investing in foreign stocks, mostly European and Japanese. The only difference he says there is, it's in…moreYes, it even has some chapters speaking about investing in foreign stocks, mostly European and Japanese. The only difference he says there is, it's in the way accounting works in every country, however in the book he doesn't speak much about accounting.(less)

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Average rating 4.06  · 
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 ·  6,677 ratings  ·  220 reviews


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John
Dec 05, 2012 rated it really liked it
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
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George Jankovic
Aug 27, 2016 rated it it was amazing
Shelves: favorites
Regular re-read (every 5-10 years) of one of my two favorite investment books. (The other one is by the same author--the greatest mutual fund manager of all time). It's got everything you need to know about investing in stocks not by using some seat-of-the-pants method but by analyzing the company and its business. It's a must read for everyone who wants to buy individual stocks of any kind. Enjoy! ...more
Marco den Ouden
Aug 02, 2014 rated it really liked it
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
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Navdeepjain
Oct 09, 2020 rated it liked it
Shelves: investment
So this is one more addition to the investment philosophy by Peter Lynch one of the successful Mutual fund manager with compounded return of 29% generated for his shareholders while running Magellan fund for 13 years.

This book can be consider as a follow up to his another book One up on wall street in which mostly he focused how an amateur investor can use their "edge' in investing and can do more better in this supposedly field known to be handled by only "professionals".

Beating the street book
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Aditya Prakash Singh
Oct 01, 2020 rated it it was amazing
Often Intelligent Investor is recommended as the starting book when you are starting to invest, but I beg to differ and would recommend this as a starter. Peter Lynch has a good sense of humor, which becomes apparent in this book and keeps the reader interested as he occasionally makes sudden deep dives into the fundamental evaluation techniques that he used on a particular stock. This book introduces you to value investing techniques with applications on various stocks, while at the same time m ...more
Eugene Tan
Jun 09, 2015 rated it liked it
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 differ
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Rohit Arondekar
The key takeaway was that before investing in a stock you need to understand the company behind it. This involves understanding how it makes money, whether it can withstand bad times and whether it's available as a bargain. The performance of the Magellan Fund, which Peter Lynch was responsible for, is phenomenal. Throughout the book, Peter gives an honest walk through of his thought process and actual actions in doing his homework and investing.

I have read The Intelligent Investor by Benjamin G
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Douglas O'laughlin
Sep 26, 2014 rated it it was amazing
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.
Josip
Jul 05, 2015 rated it it was amazing
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. ...more
Katie O'Bryan
Aug 27, 2015 rated it liked it
An American legend, though a bit of a tough read for me.
Emmanuel Ramil
Mar 01, 2020 rated it it was amazing
As a follower of financial history and investing in general, this book is a fun read. I would argue that this book is much better than his hallmark book, One Up on Wall Street. The humor still hold up to this day for me but maybe that is only the case because I am an old timer myself and people of my generation will just brush it as "dad jokes." In this book, Lynch really expounded on how he picks his stocks and shares it with you so you may continue his legacy in the future dominated by index f ...more
Jkwon247
Apr 24, 2020 rated it liked it
Valuable principles with an interesting perspective. However, this book often feels a bit dated. I also did not feel the advice applies to the everyday trader as much as it claims.
Mai
Oct 07, 2020 rated it it was amazing  ·  review of another edition
A good read for fundamental equity investors

- good examples of real companies
- some learnings are still very applicable today
- good materials for individual investors
Stefan Bruun
Dec 13, 2020 rated it really liked it
A classic. Does however seem a bit outdated today, but a classic nonetheless.
Antonio
Jan 25, 2020 rated it it was amazing
Recommends it for: Everyone interested in investing
If you read my review of the previous and most famous book of this author, One Up On Wall Street: How to Use What You Already Know to Make Money in the Market, you may know that I am a complete fan of him and his empowering message not just for people who like the investing world, but for everyone. Honest, direct and approachable he delivers a consistent message which makes the reader wiser not matter the age or wealth he/she has.

However, although having the author in high regard, I was expectin
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Aditya Shevade
All the usual stuff about index funds and risk management. Overall okay. Some points on valuation and popularity of the industry was interesting.
Narcissa
Sep 14, 2020 rated it it was ok
I don't think you need to read this book if you've already read One up on Wall Street (which in my opinion is the better one between the two). ...more
Roy Chua
Oct 05, 2019 rated it it was amazing
Overall, really easy to read, enjoyable book to understand the thinking of a brilliant investor like Peter Lynch.

Key takeaway from this book was a lot of Lynch’s philosophy of choosing undervalued stocks based on really simple business logic beyond numbers, something that probably should be more heavily emphasised in the financial world today.

May be a bit technical when it comes to financial ratios and analysis, but understandable even for new investors.
Jerrine Regester
May 31, 2014 rated it liked it
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 lack ...more
Margaret Lozano
Dec 17, 2015 rated it really liked it
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. ...more
Mark
Jan 23, 2016 rated it liked it
Shelves: business-finance
This review has been hidden because it contains spoilers. To view it, click here.
David Glad
May 28, 2012 rated it it was ok
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." ...more
Loren
Jan 11, 2015 rated it really liked it
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.
Julian Bu
Sep 29, 2014 rated it really liked it
Not as good as One Up on Wall Street, but still good.
Ayush Srivastava
Nov 08, 2014 rated it liked it
I read it with the intention of understanding Indian share market scenario.
However, the book is simply not adequately suited for Indian audience.
Jeff Gordon
Dec 08, 2014 rated it liked it
This book taught me how to be rich... In multiple ways!
Y
Feb 06, 2015 rated it really liked it
Shelves: investment
Not like the other investment books that talk like a teacher. Peter Lynch talks to you like a friend.
Brigitta Moon
Jun 21, 2015 rated it it was amazing  ·  review of another edition
After all these years, I still found the information in this book very helpful
Koushik Das
Aug 27, 2015 rated it liked it
If you've already read Learn to Earn(in case you're an amateur like me) and One Up On Wall Street, then there's not really much new in this for you. You can simply skip this one. ...more
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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
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