Beating the Street – Peter Lynch

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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 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.

Let me count on a number of the criticisms of the St. Agnes outcomes which can be positive to return back from the expert ranks. (1) “This isn’t actual money.” True, however so what? Anyway, the professionals have to be relieved that St. Agnes isn’t running with actual money — otherwise, primarily based totally on St. Agnes’s performance, billions of bucks is probably pulled from the everyday mutual budget and became over to the youngsters. (2) “Anybody ought to have picked the ones stocks.” If so, why didn’t anybody? (3) “The youngsters were given fortunate with a group in their favourite picks.” Perhaps, however a number of the smaller portfolios selected through the four-character groups in Ms. Morrissey’s magnificence did in addition to or higher than the version portfolio decided on through the magnificence at large. The prevailing foursome in 1990 (Andrew Castiglioni, Greg Bialach, Paul Knisell, and Matt Keating) picked the following stocks for the motives noted:

• 100 shares of Disney (“Every kid can explain this one.”)
• 100 shares of Kellogg (“They liked the product.”)
• 300 shares of Topps (“Who doesn’t trade baseball cards?”)
• 200 shares of McDonald’s (“People have to eat.”)
• 100 shares of Wal-Mart (“A remarkable growth spurt.”)
• 100 shares of Savannah Foods (“They got it from Investor’s Daily.”)
• 5,000 shares of Jiffy Lube (“cheap at the time.”)
• 600 shares of Hasbro (“it’s a toy company, isn’t it?”)
• 1,000 shares of Tyco Toys (ditto.)
• 100 shares of IBM (“premature adulthood.”)
• 600 shares of National Pizza (“nobody can turn down a pizza.”)
• 1,000 shares of Bank of New England (“how low could it go?”)