My Investing Muse

Before I read a recommended book, I may go to watch or read book summaries first, especially if I am unfamiliar with the author.  This will give me an overview of the content before I decide to dive deeper into the book.  This is what I have learnt from this good summary by YouTuber  "The Swedish Investor". Beating the Street by Peter Lynch By the Swedish Investor Compiled on 8th Aug 2021  Youtube link: https://www.youtube.com/watch?v=ihsCWCiJozQ  5 Key takeaway from the book: 1. Focus on the “EVEN BIGGER PICTURE” Price in the stock market is determined by emotional human beings.  Thus stocks go through cycles, and swings caused by market sentiments.   “Key to making money is not to get scared out of them” – Peter Lynch.  Thus, the stomach determines the outcome of the stock pick, not the head.  When Lynch feels the itch to sell the stocks, he reminds himself about the even bigger picture.  From 1959 to 2018, stocks outperformed ...

  Learning is a lifelong journey . Let us read so that we can get better with our investment strategy, mindset and values. Read so that we can keep current with the trends, changes, developments.  Read so that we can improve our odds, learn from the lessons of another - so that we can avoid and/or learn from them accordingly.  I do not think that I am smarter or better than the fund managers, but I still have a good chance of being successful if I work hard to read up, study, listen to interviews and analyze the annual and quarterly reports.   Personally, hard work can be a stronger competitive advantage than being smart.   If we take time to read up on household items, mobile phones or cars before we purchase, we should do the same for investing.  If I cannot explain the business to my kids, then, I do not know the business well enough.  It will be less risky if we qualify the leads (or tips) provided so that we can improve our "odds", arriv...