In this book, Peter Lynch gives reader a sneak peak into his investment strategy. You can now sleep well when the market crashes, knowing that your wealth loss is only temporary. It may take time but the markets will always recover and all will be well again with the world.
He encourages investors to keep in mind they are investing for the long term. Another one of his self crested ‘Peter’s Principle’ is to stay calm during times of turbulence in the stock market. Using this method, Lynch believes that amateur investors can actually outperform Wall Street. If you are able to do this, it means you understand the company and have a solid idea of the business model. In fact, he says you should only invest in a company if you can draw out why you are investing in it to a 5th grader. Lynch has always advocated in investing in what you know. He uses this example to show than anybody can be a good investor and as you put in the work. Amazingly, the seventh graders beat the S&P 500 by an astonishing 43.5%. Each 7th grader is given the task of researching a company, investing in it, and then explaining their investment choice to the class. Lynch starts off his first book by setting a scene: a 7th grade classroom. Peter Lynch’s books offer nuggets of wisdom and a solid investing framework that anyone can use. He’s since retired but has passed on his investing knowledge through his books.
Investors were drawn in by Lynch’s legendary 29% annual returns. Over the next 13 years, he grew the fund from $20 million to over $14 billion. Lynch is widely regarded as one of the best investors in the world.īack in 1977, Lynch was given his big break when he was given the Magellan Fund to manage. Instead of turning to Carl from your local gym for investing advice, you’ll probably be more successful getting advice from an expert. What Are Penny Stocks And How Do They Work.8 Questions To Ask When Choosing A Broker.
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