I think Lynch's perspective on management and how you should factor that into your valuation of a company was interesting to me, especially today. There's also an element of this book where I would say take it seriously, but not literally. It was written what 30 years ago, but I still think a lot of it holds true when he's looking for a company. If you find a business that can get away with raising prices year after year without losing customers in addictive products such as cigarettes fits the bill, you've got a terrific investment.
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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