Podcast Notes Playlist: Startup How Peter Lynch Became The Greatest Fund Manager Of All Time
Key Takeaways
- “Selling your winners and holding your losers is like cutting your flowers and watering the weeds.”
- “The real key to making money in stocks is to not get scared out of them.”
- Knowing what you own is the most important part of investing
- “Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.”
- Economists have predicted 33 of the last 11 recessions
- “You get recessions, you get stock market declines. If you don’t understand that that’s going to happen, then you’re not ready and you won’t do well in markets.”
- There is no way to dance around the tumultuous times in the market; you have to learn how to live through them
- “If you spend more than thirteen minutes analyzing economic and market forecasts, you’ve wasted ten minutes.”
- “Behind every stock is a company. Find out what it’s doing.”
- Just because someone is a professional does not mean that they know more than you
- “In the long run, a portfolio of well-chosen stocks or mutual funds can outperform the most sophisticated investment strategy.”
Read the full notes @ podcastnotes.org
On episode 211 of The Compound and Friends, Downtown Josh Brown is joined by Peter Lynch, Vice Chairman of Fidelity Management and Research to discuss: Peter's legendary career, how individual investors can succeed in the market, the biggest investing mistakes, and much more!
This episode is presented by Fidelity Investments and the all-new Fidelity Trader+, Fidelity’s most powerful trading platform yet. Learn more at: https://Fidelity.com/TraderPlus
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