Beating the Street: How to Use What You Already Know to Make Money in the Market
When Peter Lynch Talks\ Smart Investors Listen!\ As former head of the Magellan Fund, the most successful equity mutual fund in the country when he rain it, as well as current trustee of the Fidelity group of funds - Peter Lynch is THE source for stock and mutual fund investing. In Beating the Street, Lynch's goal is simple: to teach you how to have more money tomorrow than you have today. He believes success depends on an investor's ability to ignore the worries of the world long enough to...
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When Peter Lynch TalksSmart Investors Listen!As former head of the Magellan Fund, the most successful equity mutual fund in the country when he rain it, as well as current trustee of the Fidelity group of funds - Peter Lynch is THE source for stock and mutual fund investing. In Beating the Street, Lynch's goal is simple: to teach you how to have more money tomorrow than you have today. He believes success depends on an investor's ability to ignore the worries of the world long enough to allow their investments to succeed. Lynch provides sound advice on the following topics: Shopping for stocks: why shopping malls are great investment guides Looking for a few good stocks: how some investments lead to others Prospecting in bad news: why conventional wisdom may not be the final wordOffering a one-on-one consultation with one of the most successful stock analysts around,... Publishers Weekly Until retiring in 1990, Lynch ( One Up on Wall Street ) was manager of the spectacularly successful Fidelity Magellan Fund. Here he recalls with self-deprecating humor and disarming candor how he went about choosing winning stocks (and missing a few) for the $12 billion fund, which, during one five-year period in the 1980s, earned investors a 300% return. Lynch strongly favors stocks over other investment vehicles but insists that ``investigative'' research into a corporation's prospects, including credit checks and visits to the firm's installations, is essential. ``Focus on companies, not the stocks,'' he stresses, adding that on this basis limited partnerships, banks and even S & Ls can be sound investments. Lynch's reputation and business writer Rothchild's deft touch should yield big sales for this inside story. Major ad/promo; first serial to Money magazine; BOMC and Fortune Book Club alternates; author tour. (Mar.)
\ Publishers Weekly\ - Publisher's Weekly\ Until retiring in 1990, Lynch ( One Up on Wall Street ) was manager of the spectacularly successful Fidelity Magellan Fund. Here he recalls with self-deprecating humor and disarming candor how he went about choosing winning stocks (and missing a few) for the $12 billion fund, which, during one five-year period in the 1980s, earned investors a 300% return. Lynch strongly favors stocks over other investment vehicles but insists that ``investigative'' research into a corporation's prospects, including credit checks and visits to the firm's installations, is essential. ``Focus on companies, not the stocks,'' he stresses, adding that on this basis limited partnerships, banks and even S & Ls can be sound investments. Lynch's reputation and business writer Rothchild's deft touch should yield big sales for this inside story. Major ad/promo; first serial to Money magazine; BOMC and Fortune Book Club alternates; author tour. (Mar.)\ \ \ \ \ Library JournalLynch is the master stock picker who led Magellan (until May 1990) to its position as America's biggest mutual fund. In One Up on Wall Street (Simon & Schuster, 1989), also written with Rothchild, he described his winning methods. Here, he provides a few more elaborations and 21 ``Peter's principles.'' Some are overly clever, e.g., being first in line is a great idea except on the edge of a cliff. Lynch takes three chapters to explain how he ``done it good'' at Magellan. One valuable chapter details methods for picking a mutual fund from the thousands available, but most of the book is devoted to demonstrating his research into picking the 21 stocks he recommended in the January 1992 Barron's roundtable. Still, since the average investor will not get to talk to the CEO or visit the company in person, maybe we should all just buy Lynch's recommendations each year. A tossup. Previewed in Prepub Alert, LJ 11/1/92.-- Alex Wenner, Indiana Univ. Libs., Bloomington\ \
