Mutual Fund Legend Peter Lynch Identifies His 'Three C's' Of Investing In A Rare Interview". businessinsider.com.

Lynch, Peter; Rothchild, John (1994-05-25). Beating the Street (Reviseded.). Simon & Schuster. p.135. ISBN 978-0-671-89163-3. This led Lynch to create a new investment principle: Never invest in any idea you van't illustrate with a crayon! 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. About Carolyn and Peter Lynch". Boston, Massachusetts, USA: Boston College Lynch School of Education and Human Development. October 29, 2015 . Retrieved July 6, 2020. Prizes are on offer for the best performing groups in specific categories and Dr William Bird, the brains behind Beat the Street, believes his game helps get a whole town active.Lynch received the 1992 Seton Award from the National Catholic Education Association. [45] See also [ edit ] In 1966, Lynch was hired as an intern with Fidelity Investments partly because he had been caddying for Fidelity's president, D. George Sullivan, (among others) at Brae Burn Country Club in Newton, Massachusetts. [15] [16] He initially covered the paper, chemical, and publishing industries, and when he returned after a two-year Army stint he was hired permanently in 1969. This time Lynch was charged with following the textiles, metals, mining, and chemicals industries, eventually becoming Fidelity's director of research from 1974 to 1977. [17] [18] Fidelity Magellan Fund [ edit ] As quoted in " The Wisdom of Great Investors: Insights from Some of History's Greatest Investment Minds, by Davis Advisers, p. 7 Overall, really easy to read, enjoyable book to understand the thinking of a brilliant investor like Peter Lynch. 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. The Greatest Investors: Peter Lynch | Investopedia". Investopedia. 2003-12-01 . Retrieved 2017-02-04. At the end of the book, Peter highlights the “25 Golden Rules of Investment” (even though there’s actually 26). I’ll let you explore these for yourselves, so you got something to look forward to. GARP, PEGS and Peter Lynch". The Guru Investor. 18 September 2009. Archived from the original on 5 March 2016 . Retrieved 26 December 2014.

a b Peter Lynch and John Rothschild, Beating the Street Simon & Schuster; Revised edition (May 25, 1994) 0671891634 At the end of the tape, the entire seventh-grade portfolio department repeated the following maxims in unison. This is a chorus that we should all memorize and repeat in the shower, to save ourselves from making future mistakes: 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.