Beating the Street

Peter Lynch, John Rothchild

• Publisher: Simon & Schuster
• Year: 2012
• Print ISBN: 9780671891633
• eBook ISBN: 9781451687064
• Topic: Personal Development
• Subtopic: Business Biographies

Legendary money manager Peter Lynch explains his own strategies for investing and offers advice for how to pick stocks and mutual funds to assemble a successful investment portfolio.

Develop a winning investment strategy with expert advice from the nation’s #1 money manager. Peter Lynch’s “invest in what you know” strategy has made him a household name with investors both big and small.

An important key to investing, Lynch says, is to remember that stocks are not lottery tickets. There’s a company behind every stock and a reason companies—and their stocks—perform the way they do. In this book, Peter Lynch shows you how you can become an expert in a company and how you can build a profitable investment portfolio, based on your own experience and insights and on straightforward do-it-yourself research.

In Beating the Street, Lynch for the first time explains how to devise a mutual fund strategy, shows his step-by-step strategies for picking stock, and describes how the individual investor can improve his or her investment performance to rival that of the experts.

There’s no reason the individual investor can’t match wits with the experts, and this book will show you how.

Table of contents

• Cover
• Acknowledgments
• Dedication
• Preface
• Preface to the Trade Paperback Edition
• Introduction: Escape from Bondage
• Chapter One: The Miracle of St. Agnes
• Chapter Two: The Weekend Worrier
• Chapter Three: A Tour of the Fund House
• Chapter Four: Managing Magellan: The Early Years
• Chapter Five: Magellan: The Middle Years
• Chapter Six: Magellan: The Later Years
• Chapter Seven: Art, Science, and Legwork
• Chapter Eight: Shopping for Stocks: The Retail Sector
• Chapter Nine: Prospecting in Bad News: How the “Collapse” in Real Estate Led me to Pier 1, Sunbelt Nursery, and General Host
• Chapter Ten: My Close Shave at Supercuts
• Chapter Eleven: Blossoms in the Desert: Great Companies in Lousy Industries
• Chapter Twelve: It’s a Wonderful Buy
• Chapter Thirteen: A Closer Look at the S&Ls
• Chapter Fourteen: Master Limited Partnerships: A Deal with a Yield
• Chapter Fifteen: The Cyclicals: What Goes Around Comes Around
• Chapter Sixteen: Nukes in Distress: CMS Energy
• Chapter Seventeen: Uncle Sam’s Garage Sale: Allied Capital II
• Chapter Eighteen: My Fannie Mae Diary
• Chapter Nineteen: Treasure in the Backyard: The Colonial Group of Mutual Funds
• Chapter Twenty: The Restaurant Stocks: Putting Your Money where your Mouth Is
• Chapter Twenty-One: The Six-Month Checkup
• 25 Golden Rules
• Postscript
• About the Authors
• Index
• Copyright