Beating the Street

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I was made aware of this fine performance via the large scrapbook sent to my office, in which the seventh graders not only listed their top-rated selections, but drew pictures of each one. This leads me to Peter's Principle #3:

I love that there is no discrimination of any kind – if you can breathe you can take part. We are absolutely loving it. A massive thank you to the people who thought of this – it’s so much fun.” 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". Paul Sullivan (November 8, 2013). "Peter Lynch Once Managed Money. Now He Gives It Away". The New York Times. A proponent of value investing, Lynch wrote and co-authored a number of books and papers on investing strategies, including One Up on Wall Street, published by Simon & Schuster in 1989, which sold over one million copies. [7] He coined a number of well-known mantras of modern individual investing, such as " invest in what you know" and " ten bagger". [8] Lynch has been described as a "legend" by the financial media for his performance record. [6] [9] Early life and education [ edit ]Schoenberger, Chana. "Peter Lynch, 25 years later: it's not just 'invest in what you know' ". MarketWatch . Retrieved 2023-06-25. Lynch, Peter (2000-04-03). One Up On Wall Street: How To Use What You Already Know To Make Money In The Market (2nded.). New York: Simon & Schuster. p.32. ISBN 978-0-7432-0040-0. Lynch married Carolyn Ann Hoff and cofounded the Lynch Foundation. [36] They had three daughters. His wife died in October 2015 due to complications of leukemia at age 69. [37] Wealth and philanthropy [ edit ]

The Greatest Investors: Peter Lynch | Investopedia". Investopedia. 2003-12-01 . Retrieved 2017-02-04. Peters sixteenth principle – In business, competition is never as healthy as total domination: Peter has flirted with a lot of good businesses in bad industries, or “flowers in the desert”, as he categorizes them. The problem with good industries are that they attract competition. These new market participants crave a piece of the action, which is why they undercut prices and create price pressure. Peter’s binoculars are thus directed at terrible industries. Next, he attempts to find the ‘winner’ in said industries – those with the highest margins and lowest costs, hence enabling them to ride-out cyclical waves while the competitors throw in the towel. Once the industry betters once gain, the surviving businesses are ready to gain the now dead companies’ market shares. Hi, this is Kim. I remember talking to you and you said that while K mart went into all the big towns, Wal-Mart was doing even better because it went into all the small towns where there was no competition, and I remember you said you were the guest speaker at Sam Walton's award ceremony, and just yesterday Wal-Mart was sixty dollars and they announced a two-for-one split.I'm interested to learn more about Peter Lynch's investing strategies. I'm not exactly a noob at investing (having read books like Intelligent Investor) but I also don't know about any technical analysis beyond head and shoulders. Any suggestions on which book I should read? Lynch received the 1992 Seton Award from the National Catholic Education Association. [45] See also [ edit ] Lynch, Peter (2000-04-03). One Up On Wall Street: How To Use What You Already Know To Make Money In The Market (2nded.). New York: Simon & Schuster. ISBN 978-0-7432-0040-0. 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.

GARP, PEGS and Peter Lynch". The Guru Investor. 18 September 2009. Archived from the original on 5 March 2016 . Retrieved 26 December 2014.

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This led Lynch to create a new investment principle: Never invest in any idea you van't illustrate with a crayon! They got to the others as follows: Wal-Mart because they were shown a videotaped segment of "Lifestyles of the Rich and Famous" that featured Wal-Mart's founder, Sam Walton, talking about how investing benefits the economy; NYNEX and Mobil because of their excellent dividends; Food Lion, Inc., because it was a well-run company with a high return on equity and also because it was featured in the same video segment that introduced them to Sam Walton. Ms. Morrissey explains:

Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues. What you should look at is his methodology of gaining information and researching companies. His excitement is meant to get you excited.It is well to consider the financial strength and debt structure to see if a few bad years would hinder the company's long-term progress. Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal. Overall, really easy to read, enjoyable book to understand the thinking of a brilliant investor like Peter Lynch.