Peter Lynch's Rule of 5 When Investing In Growth Companies
After Dinner Investor's Library
English - October 21, 2020 01:00 - 26 minutes - 18.3 MB - ★★★★★ - 1 ratingInvesting Business Arts Books value investing mohnish pabrai warren buffett charlie munger investing stocks stock market Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Beating The Street by Peter Lynch: Chapter 1
Read Beating The Street so you can become a better investor - https://amzn.to/2SLNupD
In this episode we learn:
Peter Lynch, in retirement, is a nonprofessional, just like us.
How 7th graders crushed the market.
That the majority of NAIC investment clubs outperformed the S&P 500 in the 1980s.
The Rule of 5 when investing in growth companies.
My key takeaways from the preface were:
Peter Lynch is a nonprofessional stockpicker just like us, that's why I relate to him so well.
Remember, investing is a fun hobby. A fun, serious hobby that you can make a lot of money from, how cool is that.
Keep investment ideas simple. Be able to explain them to a child and be able to draw them with a crayon.
The "individual investor" can be the mutual fund or hedge fund professional with lots of different pressures on them. Or it can be the nonprofessional hobbyist. I think a lot of nonprofessionals are out there beating the market while the professionals struggle to do that.
When you invest in growth companies, expect one idea to disappoint you, three to work out okay as expected, and one to be a home run that was better than expected.
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