Brand: Simon & Schuster
Edition: Revised ed.
- Simon & Schuster A nice option for a Book Lover
- Easy To Read
- Compact for travelling
Package Dimensions: 33x211x272
Number Of Pages: 336
Release Date: 25-05-1994
Details: Product Description
Beating The Street is a rich knowledge bank, telling about how the finance and investment works in reality. Peter Lynch and John Rothchild are known to carry a vast experience in investment decisions and their book is ideal for those looking for acquiring big level of success in the stock markets. The book explains the concept of successful investing in a very simple manner. Practicing the advices of the authors would not only benefit the tenured investors but also the novices.
As per this book, investing money in any company isn’t a matter of luck and should not be played as a lottery game. There is an in-depth thought process behind that and through this book the authors help the readers know about picking companies which would prove to be worthy investing their money in. The book mentions selecting a company for investment by starting to look at its merits, followed by the chain of logics that apply to every investment that brings profits successfully.
Sectioned as ‘Peter’s Principles, this book includes a list of principles by Peter Lynch that are a rich compilation to help investors make the best out of their wealth. Building an investment portfolio in its most profitable shape doesn’t always need a hand-holding but once the skill of investing is learnt, the investors can research by themselves and acquire necessary knowledge to succeed. Beating The Street was published as revised edition by Simon and Schuster in 1994 and is available in paperback.
About the Author
A successful stock investor and an entrepreneur, Peter Lynch is a research consultant at a firm named Fidelity Investments. Peter is known to have given some original success formulae for profitable investments. John Rothchild works as a freelancer in writing about financial matters. He worked with Washington Monthly as an editor and with Time and Fortune as a columnist. Peter and John have co-authored three books on investments, One Up on Wall Street, Learn to Earn and Beating the Street.
Excerpt. © Reprinted by permission. All rights reserved.
THE MIRACLE OF ST. AGNES
Amateur stockpicking is a dying art, like pie-baking, which is losing out to the packaged goods. A vast army of mutual-fund managers is paid handsomely to do for portfolios what Sara Lee did for cakes. I’m sorry this is happening. It bothered me when I was a fund manager, and it bothers me even more now that I have joined the ranks of the nonprofessionals, investing in my spare time.
This decline of the amateur accelerated during the great bull market of the 1980s, after which fewer individuals owned stocks than at the beginning. I have tried to determine why this happened. One reason is that the financial press made us Wall Street types into celebrities, a notoriety that was largely undeserved. Stock stars were treated like rock stars, giving the amateur investor the false impression that he or she couldn’t possibly hope to compete against so many geniuses with M.B.A. degrees, all wearing Burberry raincoats and armed with Quotrons.
Rather than fight these Burberried geniuses, large numbers of average investors decided to join them by putting their serious money into mutual funds. The fact that up to 75 percent of these mutual funds failed to perform even as well as the stock market averages proves that genius isn’t foolproof.
But the main reason for the decline of the amateur stockpicker has to be losses. It’s human nature to keep doing something as long as it’s pleasurable and you can succeed at it, which is why the world population continues to increase at a rapid rate. Likewise, people continue to collect baseball cards, antique furniture, old fishing lures, coins, and stamps, and they haven’t stopped fixing up houses and reselling them, because all these activities can be profitable as well as enjoyable. So if they’ve gotten out of stocks, it’s because they’re tired of losing money.
It’s usually the wealthier and more succ