Beating the Street
Posted on December 19th, 2009 in Peter Lynch Books
Product Description
A guide to investing in stocks discusses twenty-two companies selected for the 1992 Roundtable, describing how and where readers can find the information necessary to invest in companies. 200,000 first printing. Major ad/promo…. More >>
This post has 5 comments
December 19th, 2009
Peter Lynch’s book held me back about 10 years in my investing success. I used to believe things I read in books because a good publisher like Simon and Schuster would publish it. Per Lynch, I counted cars in parking lots of companies with due diligence and questioned managers on how things were selling. But talking to managers could be months after the stock broke an important support level and about to crash. There are no SELL RULES in the book!!! Where do I take a PROFIT??? I ended up watching a stock go up, manager of a store says product is selling well, then the stock goes down below where I bought it. What good is that strategy?
Also per Peter Lynch I avoided “reading tealeaves” like drawing trendlines on what I was actually concerned about THE PRICE of the stock! But this is what works for me. Now I make a living “reading tealeaves” and leave the counting cars in parking lots of companies I am investing in to those who think counting cars makes the price go up.
My suggestion is to learn basic technical analysis from a book like John murphys Technical Analysis of the financial markets. Start there then go on to learn more advanced TA. I also like Investor’s Business Daily-BUT it is very specialized and takes reading several times and probably help from a more advanced user to understand IBD. I also swingtrade – hold stocks for 2-5 days sometimes longer.
J
Rating: 1 / 5
December 19th, 2009
It is a book that you have to read if you want to know how a very succesful make it.
Rating: 4 / 5
December 19th, 2009
The book is great for both amateurs and professionals.
Rating: 5 / 5
December 19th, 2009
Beating the Street was Peter Lynch’s follow-up to his bestselling book, One Up on Wall Street. Although many have accused him of writing the same book twice, his second time at bat allows him to add even more clarity to his basic message. Lynch, for those unfamiliar with the pantheon of investment gods, managed Fidelity’s flagship Magellan fund for more than 20 years, compounding one of the most fantastic performance records ever.
Rating: 5 / 5
December 19th, 2009
This book is considered one of the best books for teaching the small investor how to pick stocks. Forget it! The market is in a mania (1994-1998?) the likes of which the capitalist world has never known. Instead, check out JK Galbraith’s “The Great Crash”, “A Short History of Financial Euphoria, Allen’s “Only Yesterday…”, and James Grant’s “The Problem with Prosperity…” to understand why “small investors” should not delude themselves into thinking that they can “beat the market”. Stocks are for “risk capital”, not savings!
Rating: 1 / 5