One of Lynch's big pieces of advice is not being afraid to kick the tires. With that, his advice would be avoiding hot stocks and hot industries. He talks about being interested in plastic forks and knives. That's a slow growing, maybe even no growing industry. But if you crack the code there, a company itself can see a lot of growth.
You probably know something that a Wall Street analyst doesn’t, and that gives you an edge. Mary Long and Ricky Mulvey revisit Peter Lynch’s investing classic “One Up on Wall Street: How to Use What You Already Know to Make Money in the Market.” They discuss: - How to research a company beyond earnings statements - One common misunderstanding about Lynch’s style of investing - Where regular investors can find an edge over institutional money Companies discussed: FDX, NVDA, MCD Have a book recommendation for the book club? Let us know at podcasts@fool.com Host: Mary Long Guest: Ricky Mulvey Engineer: Tim Sparks
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