What do you think?
Rate this book
Beating the Street
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 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, Peter Lynch shows you how you can become an expert in a company and how you can build a profitable investment portfolio, based on your own experience and insights and on straightforward do-it-yourself research.
In Beating the Street, Lynch for the first time explains how to devise a mutual fund strategy, shows his step-by-step strategies for picking stock, and describes how the individual investor can improve his or her investment performance to rival that of the experts.
There’s no reason the individual investor can’t match wits with the experts, and this book will show you how.
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, Peter Lynch shows you how you can become an expert in a company and how you can build a profitable investment portfolio, based on your own experience and insights and on straightforward do-it-yourself research.
In Beating the Street, Lynch for the first time explains how to devise a mutual fund strategy, shows his step-by-step strategies for picking stock, and describes how the individual investor can improve his or her investment performance to rival that of the experts.
There’s no reason the individual investor can’t match wits with the experts, and this book will show you how.
336 pages, Paperback
First published January 1, 1992
About the author
Peter Lynch
52 books855 followersPeter 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 had grown to more than $14 billion in assets with more than 1,000 individual stock positions. From 1977 until 1990, the Magellan fund averaged a 29.2% return and as of 2003 had the best 20-year return of any mutual fund ever.
Though he continues to work part-time as vice chairman of Fidelity Management & Research Co., the investment adviser arm of Fidelity Investments, spending most of his time mentoring young analysts, Peter Lynch focuses a great deal of time on philanthropy. He said he views philanthropy as a form of investment. He said he prefers to give money to support ideas that he thinks can spread.
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 had grown to more than $14 billion in assets with more than 1,000 individual stock positions. From 1977 until 1990, the Magellan fund averaged a 29.2% return and as of 2003 had the best 20-year return of any mutual fund ever.
Though he continues to work part-time as vice chairman of Fidelity Management & Research Co., the investment adviser arm of Fidelity Investments, spending most of his time mentoring young analysts, Peter Lynch focuses a great deal of time on philanthropy. He said he views philanthropy as a form of investment. He said he prefers to give money to support ideas that he thinks can spread.
Ratings & Reviews
Friends & Following
Create a free account to discover what your friends think of this book!
Community Reviews
Displaying 1 - 30 of 339 reviews
December 20, 2012
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 excitement is meant to get you excited.
It works. I am excited to invest. The book club that read this is forming an investment club to begin investing, so I can't really speak poorly of the 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 excitement is meant to get you excited.
It works. I am excited to invest. The book club that read this is forming an investment club to begin investing, so I can't really speak poorly of the book.
July 30, 2021
What a bore. Wore me out.
August 27, 2016
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!
August 2, 2014
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 1977 ended up being worth $28,000 when he retired.
Genius? Just lucky? Or what? Well, luckily for us, Peter wrote a couple of books on stock picking telling us how he did it – One Up On Wall Street and Beating the Street. He maintains that the average intelligent investor can do better than most professional money managers using his methods. And interestingly enough, it’s not rocket science. It’s really just plain common sense. And the place to start, he says, is your own back yard.
What he means is that if you look around you, notice what you use and like and what other people seem to use and like, you may have found a good company to invest in. It’s important, he says, to understand what the company does. And he rather likes companies that do basic things, not fancy-schmanzy high falutin’ stuff that sounds impressive but what the heck is it? He also likes companies that serve a niche market and are growing.
Of course, the numbers are important. You want a company whose revenues and profits are growing. You want a company that has low to no debt. You want a company that has been doing well on the stock market even though it has not been noticed by the big guys.
Of course he goes into a lot more detail than I can cover here, but he gives an example of what he means in Beating the Street. A seventh grade social studies class at St. Agnes School in Arlington, Massachusetts used his methods and their own research to develop a fourteen stock portfolio in 1990. Two years later that portfolio was up 70%, outperforming the S&P 500 index which returned just 26%. These young students invested in what they knew and liked and used including Walt Disney, Nike, The Gap, Pentech (makers of colored markers), Pepsi, and Topps (makers of baseball cards).
This led Lynch to create a new investment principle: Never invest in any idea you van't illustrate with a crayon!
Maybe one of the best examples of this principle in action is the case of Anne Scheiber. She represents, not only the superb returns that can be enjoyed from a skillful buy and hold strategy, but also the pluck to jump back in the game after losing everything.
In 1933 and 1934, at the height of the depression, 38 year old Anne invested most of her life savings in the stock market. She let her broker brother make the picks and they were good ones. Unfortunately, his company went bankrupt and she lost everything. But Anne did not give up.
On her modest salary as an auditor for the Internal Revenue Service (just over $3000 a year), she managed to save another $5000 over the next ten years. In 1944 she invested in the stock market again. When she died in January 1995 at the age of 101, that modest investment had grown to $20 million. That's not a misprint. $20 million!!! That represents an annual compounded rate of return of 17.5%, ranking her among the top investors of all time.
Her secret? Miss Scheiber invested in stocks of companies that she knew and understood, companies whose products she used. She loved the movies. So she invested in Loew's, Columbia, Paramount and Capital Cities Broadcasting. She drank Coke and Pepsi and bought shares in both. She invested in the companies that made medications she took - Schering Plough and Bristol Myers Squibb. And so on. And she hung on to them through thick and thin for over forty years. Through the bear market of 1973-1974. Through the crash of 1987.
Miss Scheiber left virtually the entire fortune to New York's Yeshiva University. By the time the estate was settled in December of 1995, it had grown to $22 million.
Miss Scheiber’s story illustrates several important points. One is that you’re never too old to start. She lost everything when she was 38 and scraped together another $5000 which she invested at age 48. True, she did live to 101, which illustrates a second point – the time value of money. Even a modest investment can become millions over time. And the third point is the Lynch Principle, invest in what you know and understand and use.
“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 1977 ended up being worth $28,000 when he retired.
Genius? Just lucky? Or what? Well, luckily for us, Peter wrote a couple of books on stock picking telling us how he did it – One Up On Wall Street and Beating the Street. He maintains that the average intelligent investor can do better than most professional money managers using his methods. And interestingly enough, it’s not rocket science. It’s really just plain common sense. And the place to start, he says, is your own back yard.
What he means is that if you look around you, notice what you use and like and what other people seem to use and like, you may have found a good company to invest in. It’s important, he says, to understand what the company does. And he rather likes companies that do basic things, not fancy-schmanzy high falutin’ stuff that sounds impressive but what the heck is it? He also likes companies that serve a niche market and are growing.
Of course, the numbers are important. You want a company whose revenues and profits are growing. You want a company that has low to no debt. You want a company that has been doing well on the stock market even though it has not been noticed by the big guys.
Of course he goes into a lot more detail than I can cover here, but he gives an example of what he means in Beating the Street. A seventh grade social studies class at St. Agnes School in Arlington, Massachusetts used his methods and their own research to develop a fourteen stock portfolio in 1990. Two years later that portfolio was up 70%, outperforming the S&P 500 index which returned just 26%. These young students invested in what they knew and liked and used including Walt Disney, Nike, The Gap, Pentech (makers of colored markers), Pepsi, and Topps (makers of baseball cards).
This led Lynch to create a new investment principle: Never invest in any idea you van't illustrate with a crayon!
Maybe one of the best examples of this principle in action is the case of Anne Scheiber. She represents, not only the superb returns that can be enjoyed from a skillful buy and hold strategy, but also the pluck to jump back in the game after losing everything.
In 1933 and 1934, at the height of the depression, 38 year old Anne invested most of her life savings in the stock market. She let her broker brother make the picks and they were good ones. Unfortunately, his company went bankrupt and she lost everything. But Anne did not give up.
On her modest salary as an auditor for the Internal Revenue Service (just over $3000 a year), she managed to save another $5000 over the next ten years. In 1944 she invested in the stock market again. When she died in January 1995 at the age of 101, that modest investment had grown to $20 million. That's not a misprint. $20 million!!! That represents an annual compounded rate of return of 17.5%, ranking her among the top investors of all time.
Her secret? Miss Scheiber invested in stocks of companies that she knew and understood, companies whose products she used. She loved the movies. So she invested in Loew's, Columbia, Paramount and Capital Cities Broadcasting. She drank Coke and Pepsi and bought shares in both. She invested in the companies that made medications she took - Schering Plough and Bristol Myers Squibb. And so on. And she hung on to them through thick and thin for over forty years. Through the bear market of 1973-1974. Through the crash of 1987.
Miss Scheiber left virtually the entire fortune to New York's Yeshiva University. By the time the estate was settled in December of 1995, it had grown to $22 million.
Miss Scheiber’s story illustrates several important points. One is that you’re never too old to start. She lost everything when she was 38 and scraped together another $5000 which she invested at age 48. True, she did live to 101, which illustrates a second point – the time value of money. Even a modest investment can become millions over time. And the third point is the Lynch Principle, invest in what you know and understand and use.
April 20, 2021
Đúng là nếu thích tài chính - đầu tư, thì bạn có rất nhiều sách hay để đọc. Điển hình là quyển này.
Trong đây, Peter Lynch (Nhà đầu tư huyền thoại đạt mức tăng trưởng >20%/năm trong hơn 20 năm, chỉ có Buffett là cạnh tranh được với con số này) đã đúc kết kinh nghiệm đầu tư của ông thành các công thức ngắn gọn, dạng như: Ta nên đầu tư vào các công ty công thoái vốn,... Kèm theo là những giải thích make sense. Hiệu quả hay không thì hoặc bạn backtest, hoặc cứ làm theo thử. :)) Mình chưa kiểm chứng bằng cả 2 cách, nhưng nghĩ ok. Có dịp sẽ thử.
Trong đây, Peter Lynch (Nhà đầu tư huyền thoại đạt mức tăng trưởng >20%/năm trong hơn 20 năm, chỉ có Buffett là cạnh tranh được với con số này) đã đúc kết kinh nghiệm đầu tư của ông thành các công thức ngắn gọn, dạng như: Ta nên đầu tư vào các công ty công thoái vốn,... Kèm theo là những giải thích make sense. Hiệu quả hay không thì hoặc bạn backtest, hoặc cứ làm theo thử. :)) Mình chưa kiểm chứng bằng cả 2 cách, nhưng nghĩ ok. Có dịp sẽ thử.
August 14, 2015
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 different funds in the market.
In this book, Peter Lynch reinforces what he has been preaching throughout - Invest only in stocks that you have an understanding of. This understanding comes from being observant in daily life and taking the effort (a couple of hours) to do the necessary homework to follow-up on the notice made.
Peter Lynch also goes into writing about his time at managing Magellan through the years. In the latter part of the book, he describes how he goes about finding winners in the different sectors of the market aka "walking the talk".
However, as decades has past since this book was written, examples used were outdated. It was a challenge, at least for me, to be able to fully relate to the examples and to attempt to link those examples to the market today.
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 different funds in the market.
In this book, Peter Lynch reinforces what he has been preaching throughout - Invest only in stocks that you have an understanding of. This understanding comes from being observant in daily life and taking the effort (a couple of hours) to do the necessary homework to follow-up on the notice made.
Peter Lynch also goes into writing about his time at managing Magellan through the years. In the latter part of the book, he describes how he goes about finding winners in the different sectors of the market aka "walking the talk".
However, as decades has past since this book was written, examples used were outdated. It was a challenge, at least for me, to be able to fully relate to the examples and to attempt to link those examples to the market today.
September 14, 2020
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).
October 1, 2020
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 making you open-minded about other styles like growth stocks etc. Through various applications, he shows numerous ways of stock evaluation specific to different sectors.
August 28, 2015
An American legend, though a bit of a tough read for me.
April 24, 2020
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.
October 10, 2020
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 mainly describe how he saw companies a great fit to his portfolio combining the value evaluation of the stocks and sometime how he used timing in the market to generate successful return for himself and shareholders. But this book was more based on selection strategies and roadmap for industries a investor can think of. But these strategies one amateur or part time investor may not find that much useful because many times he found the "edge" in the company by calling CEO which is a privilege is not of course to anyone.
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 mainly describe how he saw companies a great fit to his portfolio combining the value evaluation of the stocks and sometime how he used timing in the market to generate successful return for himself and shareholders. But this book was more based on selection strategies and roadmap for industries a investor can think of. But these strategies one amateur or part time investor may not find that much useful because many times he found the "edge" in the company by calling CEO which is a privilege is not of course to anyone.
May 25, 2018
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 Graham and Beating the Street was like seeing the ideas of Benjamin Graham in action. I have to concede that I don't have a good grasp of markets, finance and economics. It will probably take me multiple readings of The Intelligent Investor to understand all it has to offer. However, I'm making an attempt to improve my financial understanding and Beating the Street was helpful in this regard. I'm looking forward to reading Peter Lynch's other books.
I have read The Intelligent Investor by Benjamin Graham and Beating the Street was like seeing the ideas of Benjamin Graham in action. I have to concede that I don't have a good grasp of markets, finance and economics. It will probably take me multiple readings of The Intelligent Investor to understand all it has to offer. However, I'm making an attempt to improve my financial understanding and Beating the Street was helpful in this regard. I'm looking forward to reading Peter Lynch's other books.
March 2, 2020
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 funds and ETFs. I'm not sure if his style of investing still holds up to this day but all of his justifications for choosing a stock just make sense. I can see the similarity on the ways he invest on how Warren Buffet also invest.
September 26, 2014
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.
July 13, 2015
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.
February 25, 2016
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.
September 23, 2019
All the usual stuff about index funds and risk management. Overall okay. Some points on valuation and popularity of the industry was interesting.
October 7, 2020
A good read for fundamental equity investors
- good examples of real companies
- some learnings are still very applicable today
- good materials for individual investors
- good examples of real companies
- some learnings are still very applicable today
- good materials for individual investors
December 13, 2020
A classic. Does however seem a bit outdated today, but a classic nonetheless.
September 16, 2023
This is a quick, straightforward read and helpful to a beginning or intermediate-level investor.
July 16, 2021
Cuốn sách viết bởi 1 huyền thoại quản lý quỹ với hiệu suất đầu tư >20%/năm trong hơn 20 năm.
Nhìn chung, lời khuyên của Peter Lynch gói gọn trong việc hãy đầu tư cổ phiếu thay vì trái phiếu, hiểu rõ tình hình kinh doanh của doanh nghiệp mà mình nắm giữ(đặc biệt là bảng cân đối kế toán), và né xa các đợt bán tháo của thị trường.
Nhiều góc nhìn phân tích doanh nghiệp khá hay, được đúc kết bằng những “khẩu quyết” đơn giản. Có dịp sẽ áp dụng vào vào danh mục của mình.
“Tránh xa cổ phiếu của những công ty nóng thuộc lĩnh vực nóng. Những công ty lớn trong những ngành nghề ít sôi động, không phát triển luôn là những công ty thắng lớn”
“Với những công ty nhỏ, tốt nhất nên đợi cho công ty ăn nên làm ra trước khi đầu tư vào”
“Nếu bạn có ý định đầu tư vào một ngành nghề đang gặp khó khăn, hãy mua cổ phiếu công ty có khả năng vượt qua thử thách. Đồng thời, phải đợi khi ngành nghề đó có dấu hiệu phục hồi”
Nhìn chung, lời khuyên của Peter Lynch gói gọn trong việc hãy đầu tư cổ phiếu thay vì trái phiếu, hiểu rõ tình hình kinh doanh của doanh nghiệp mà mình nắm giữ(đặc biệt là bảng cân đối kế toán), và né xa các đợt bán tháo của thị trường.
Nhiều góc nhìn phân tích doanh nghiệp khá hay, được đúc kết bằng những “khẩu quyết” đơn giản. Có dịp sẽ áp dụng vào vào danh mục của mình.
“Tránh xa cổ phiếu của những công ty nóng thuộc lĩnh vực nóng. Những công ty lớn trong những ngành nghề ít sôi động, không phát triển luôn là những công ty thắng lớn”
“Với những công ty nhỏ, tốt nhất nên đợi cho công ty ăn nên làm ra trước khi đầu tư vào”
“Nếu bạn có ý định đầu tư vào một ngành nghề đang gặp khó khăn, hãy mua cổ phiếu công ty có khả năng vượt qua thử thách. Đồng thời, phải đợi khi ngành nghề đó có dấu hiệu phục hồi”
October 7, 2021
A good book that gave a comprehensive overview about the basics of investing in the stock market. It teaches you the basic lingo of wallstreet and makes it understandable for the average reader. This is a book that I would highly recommend to anyone that is trying to make his first steps in the stock investing world!
November 15, 2020
Uzun vadeli, potansiyel görülen şirketlere akıllıca yatırımın ne büyük kazançlar sağlayacağını örneklerle gösteren enfes bir kitap.
January 28, 2020
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 expecting a subpar book with this one. As I should have told myself, I was completely wrong. Even though I would not say this book is better than the previous one, as it was the one that made me fall in love with this subject, it is by far more complete, and its tips and lessons are more hands-on, providing clear and concise analysis the average Joe can perfectly understand to try to apply on its own investing path.
Such a great book, I will not stop recommending both these books to anyone interested in learning more about finance and investing, but especially to those who regard the stock market with fear or greed. Dear Peter Lynch, henceforth you are on my Olympus of mentors.
However, although having the author in high regard, I was expecting a subpar book with this one. As I should have told myself, I was completely wrong. Even though I would not say this book is better than the previous one, as it was the one that made me fall in love with this subject, it is by far more complete, and its tips and lessons are more hands-on, providing clear and concise analysis the average Joe can perfectly understand to try to apply on its own investing path.
Such a great book, I will not stop recommending both these books to anyone interested in learning more about finance and investing, but especially to those who regard the stock market with fear or greed. Dear Peter Lynch, henceforth you are on my Olympus of mentors.
November 5, 2019
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.
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.
September 6, 2016
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 requires miles and miles of copper wire. Unless all these start-up countries opt for a cellular phone in every pocket (a strategy that's unlikely)...."
As I am nearing retirement and spending more time analyzing my own investment hits and misses over the years with real estate, limited partnerships, and stocks, I realize it would have behooved me to read this book a few years earlier and applied some of his advise. The general trend has been up, though, not nearly as remarkably as Mr. Lynches track record!
As I am nearing retirement and spending more time analyzing my own investment hits and misses over the years with real estate, limited partnerships, and stocks, I realize it would have behooved me to read this book a few years earlier and applied some of his advise. The general trend has been up, though, not nearly as remarkably as Mr. Lynches track record!
Read
August 2, 2011What 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 of research or to over/understating the risk of the stock.
December 17, 2015
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.
January 23, 2016
Readability 7. Rating 6. I am making this entry and the next significantly after the fact. This one, however, is pretty straightforward. Lynch again takes us through his stockpicking methodology. He reviews how he picked stocks for the Barron's roundtable. Most valuable are his description of sector techniques, including utilities and thrifts, as well as more on retail firms. I also like the fact that he put in writing the prices for all of his picks at the time he made them. No fear.
This entire review has been hidden because of spoilers.
May 29, 2012
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."
Displaying 1 - 30 of 339 reviews