By: Peter Lynch
In this classic investment book, Lynch provides investors with simple strategies to gauge potential returns for individual stocks. He discusses basic investment ratios and key financial data for the average, mom-and-pop investor to use when making investment decisions. One of the main points Lynch makes is that qualitative factors also play a big role in the future success of publicly traded companies. The question of “why am I investing in this stock?” is studied closely, and this book provides a framework to use both quantitative and qualitative scorecards to assess investment opportunities in the stock market.
In the final section of this book, the reader is given a lesson on constructing portfolios for investors with a long-term investment horizon. Portfolio composition is incredibly important for the average investor. Diversification is often considered the only “free lunch” attainable on Wall Street, and unsophisticated investors can greatly benefit from having a diversified portfolio (which includes investments outside of stock ownership).
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We rate this book a 4.4/5.0.
About Peter Lynch
Peter Lynch is a famous American investor, philanthropist, and former mutual fund manager. He managed the Magellan Fund at Fidelity Investments for 13 years. While he oversaw the Magellan Fund, assets under management (AUM) grew from $18 million to $14 billion. His fund’s annualized return was 29.2%, which makes him one of the best mutual fund managers to ever live.