Summary of "Beating the Street" by Peter Lynch
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 ...