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Peter Lynch Talks About His Secret to Success in the Stock Market

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Peter Lynch talks about his secret to success in the stock market. Lynch is an accomplished investor, managing the Fidelity Magellan fund that continually outperformed the market. He has published several popular investing related books such as One Up on Wall Street.

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OTHER VIDEOS YOU MAY LIKE:
▪️Charlie Munger: Avoid These Mistakes to Double Your Net Worth: https://www.youtube.com/watch?v=omqdy4_5iXw
▪️Howard Marks on Investing in a Low Interest Rate Environment: https://www.youtube.com/watch?v=MRpgOfSL4TU
▪️Charlie Munger: 100 Years of Wisdom Summed Up in 20 Minutes: https://www.youtube.com/watch?v=S15XpqbUFFA&list=UU2cL3pI1H3tiozKif6A8fmA&index=19

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38 Comments

  4. @deucetter on

    "I've come to know and believe that listening is a principle, essential quality." – Interviewer

    Obviously not you regard stop interrupting Peter Lynch

    Reply
  19. @Discovery_and_Change on

    0:35 For 13 years, Peter's average return was nearly 30% per year (29.something%) [from 1977-1990]
    1:49 I worked every Saturday for 11 years
    3:35 About 85% of people in prison are illiterate
    8:03 All these people were problem solvers and had to manage people (great leaders)
    8:12 Management is getting things done through others
    8:35 There's a difference between being persistent and stubborn
    10:13 1 out of every 100 Americans was in the Magellan fund
    10:31 During the 13 years, 10 times the stock market went down by over 10%
    10:51 If the company's fine, it's fine (that the stock goes down)
    11:53 You wanna get in in the 1st, 2nd, 3rd inning
    12:35 Cyclicals
    12:48 Complacency, concern, capitulation (three bad things to avoid)
    13:18 Do they have years of growth ahead of them? If so, stay with them, even if the stock goes down
    13:52 Long-time stocks are gonna decline. Some of my best stocks have gone from $18 to $8 then $40
    14:04 If the fundamentals are getting better or are the same, he'd still buy more stocks even if the price was going down
    14:57 Listening and being nice (qualities he recommends)
    17:16 Human/tact skills are not taught anywhere
    17:46 Nowadays, people buy stocks for a second and own it for a second—I think that's a waste of time
    17:53 On the positive side, information to the public is so much more available today
    18:19 You don't want to invest in a company whose balance sheet says $8 billion in debt, no cash, losing money
    19:39 If you want to invest, do the same kind of research as when you buy a refrigerator — do some homework
    20:22 Put some money in a retirement account — it'll compound tax-free — start early and the numbers will be amazing
    20:48 Find out, what am I good at? What am I bad at? Am I really good at turnarounds? Small-growth companies? Maybe I pay too high for companies
    20:55 You can do this for 4 or 5 years and learn what your skills are and specialize in that
    21:03 The average person: all you need is a few (good/great companies) in a lifetime
    23:14 When I ran Magellan, I was right 6 times out of 10, but when I was right, I made it double or triple. It offsets the times you're wrong 30 or 40%
    23:22 You can be right only 1/3rd of the time and still succeed (be profitable) as long as you get good results when you're right
    23:39 Be careful and optimistic
    24:07 Corporate profits have grown by about 7% or 8% a year — that means they double (including dividends) about every 10 years, 4x every 20 years, 8x every 40 years
    24:28 The next 2 years, who knows how good the stock market will be
    24:41 We like to see something new (on vacation)
    24:46 Cappadocia, Turkey
    24:52 Santorini (Island)

    Reply
  24. @miguelcastillo1742 on

    Ok, what's impressive about Mr. Lynch is that he made his fortune and he said "ok, this is enough". And then he just retired and focus on enjoy his life with family. Also I guess he has given a lot of his money to charities.

    The man really lived his life. After all, all that money you made will stay here after you are gone. On your last minutes of your time here, you just gonna remember the moments with your beloved ones, that's it.

    Reply
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