It taught me how an amateur could use what I already knew in investing. Indian Energy Exchange - 2020 Annual Report takeaways. Even if you do not sell or do not buy more of a particular stock, you should stay abreast of your companies’ future plans and prospects. Prime members enjoy FREE Delivery and exclusive access to music, movies, TV shows, original audio series, and Kindle books. Lynch may make some concessions if the debt is not due for many years and/or not owed to banks. translated by Lynch believes there are large benefits to having an investment routine that we can apply consistently. The book offers an educational and accessible introduction into constructing a sound investment portfolio. The fact that Beating the Street was published in 1993 is no disadvantage, and in fact makes the book more interesting since Peter's stock picks can be viewed through the scope of time. best book on stocks besides One Up on Wall Street by same author, Reviewed in the United States on January 15, 2014, Peter Lynch's philosophy on stocks is an inspiration and an incredible help to all of us who are individual small investors. Most memorable books of investing provide you a first-hand insight into the minds of Wall Street's successful and storied investors. A healthy 62-year-old is looking at a 20-year time horizon where they’ll need their portfolio to both support their lifestyle and beat inflation. I thought this to be an easy read and not challenging. His principles have helped me redirect my 401k and made me a lot of money. Reviewed in the United States on May 30, 2020. For instance, Warren Buffett has avoided most of those high-flying tech companies his whole career. it is super. During Lynch’s 13 years as a portfolio manager at Fidelity’s Magellan Fund, the fund achieved 29% per annum. i use all the time for reference. Reviewed in the United States on May 24, 2017. A good readable book by an investment master. Looking to educated myself on the stock market this was a great introduction. Lynch is a wonderful storyteller with a marvelous wit. So, as a DIY index investor following more of a Beating VTSAX approach, I liked it! Lynch recommends buying the best companies in a downtrodden industry to protect your hard-earned dollars. It may be slightly out of date but some of the basic principles never change, and Peter Lynch describes them very well. It can be worthwhile to invest in the best companies of an industry whose news have transitioned from bad to terrible if the quiet facts tell you otherwise about its long-run prospects. Lynch devotes an entire chapter (Chapter 3) to discussing the two main tools in an individual’s portfolio construction: While bonds play an important part to providing stability and income to a retiree’s portfolio, Lynch hopes to convince readers that “stocks are more generous” than bonds. One strategy he suggests to handle overpriced companies we love is to buy a small stake and to increase our commitment only during a major sell-off. Lynch also outlines how he picked stocks for his successful fund by buying the stock of popular products. Lynch also likes to ask managers about competitors that they respect the most. This is especially good book for beginners (and other who wish to learn more) who wish to spot investment ideas worth investigating. To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. Great read. Trouble signing in? Lucky for us, Peter Lynch has generously described his investment style in his 1993 book Beating the Street. GENERAL BUSINESS Lynch describes how we might miss out on long-term opportunities if we only pay attention to daily media. Furthermore, Lynch reminds readers that they should not feel like they are in a rush to buy shares. Imagine a book by a chess master which purports to provide winning chess-playing strategies but in fact provides just a move-by-move description of one particular chess game the author won. 5 star 67% 4 star 17% 3 star 7% 2 star 3% 1 star 6% Beating the Street.
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