In this week’s episode, Preston and Stig discuss what they learned from reading legendary investor Peter Lynch’s book, One Up On Wall Street. Lynch gained his fame as the manager of the Magellan Fund at Fidelity Investments from 1977 through 1990. During this time, he grew his fund from only $18 million to $14 billion. When looking at this growth from a annual perspective, Lynch produced a 29.2% return each year.

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1. Lynch promises that if you ignore the ups and downs of the market and the endless speculation aboutinterest rates, in the long term (anywhere from five to fifteen years) your portfolio will reward you. This advice has proved to be timeless and has made One Up on Wall Street a number-one bestseller.
2. One Up On Wall Street Pdf.pdf - Free download Ebook, Handbook, Textbook, User Guide PDF files on the internet quickly and easily.

This ended-up as the best 20 year return of any mutual fund ever recorded. Lynch has written numerous books, but One Up On Wall Street was one of the top selling books of its time.

One of the reasons the book became so famous was due to Lynch’s writing style. He keeps things simple to understand and doesn’t drown the reader in fancy terminology. Lynch is famous for teaching people to invest in what they know and understand. This is a similar concept to one of Warren Buffett’s four rules to investing as well. Lynch is also famous for saying that, “Far more money has been lost by investors preparing for corrections or trying to anticipate corrections than has been lost in the corrections themselves.” This was his simple way of saying: Don’t time the market. If you would like to read our chapter by chapter summary of Lynch’s book, be sure to follow the link for our free summary.

In this episode, you’ll learn:. If new investors should build their portfolio around small cap stocks. Why there is more to it than just picking companies you understand. How to identify a stock pick that has pricing power. A rather untraditional approach to identifying good stocks. Ask The Investors: Should a value investor invest in net-net stocks?

Tweet your comments about this episode directly to and the rest of The Investor’s Podcast Community using #TIPMoney. Books and Resources Mentioned in this Podcast Peter Lynch’s book: Peter Lynch’s book: Tobias Carlisle’s book: VIDEOS THAT SUPPORT THIS PODCAST.

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Read One Up On Wall Street How To Use What You Already Know To Make Money In by Peter Lynch with Rakuten Kobo. More than one million copies have been sold of this seminal book on investing in which legendary mutual-fund manager Pet.