In this book, Peter Lynch shared for the first time his famous way of classifying companies. There are six buckets into where a company could be ranked:. These companies already had their moment of glory and no longer are growing rapidly but could be considered mature companies. It is always advisable to have a good mix of these types of companies in the portfolio since these types of companies tend to provide some protection against the sharp drops that fast-growing companies can have in recessions.
These companies with zero growth are about to go bankrupt but are good because their movements have nothing to do with market cycles.
These companies have a hidden asset that the market has not fully valued: they can be TV rights, real estate, a tax credit that allows you not to pay taxes in the future, game royalties. In general, the companies to avoid are the hottest stocks in the market, those stocks that Wall Street analysts talk about, and in the industry where there is the most growth. This chapter is probably one of the most interesting of the book. Lynch makes a particular emphasis on earnings, of course.
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With a comprehensive step-by-step approach, Chapman provides a deep understanding of what it takes to be the best. Scott is a successful long-term investor and educator who is someone all investors can learn from.
He shares some of the best investment advice and actual experiences of three of the best investors in history—Peter Lynch, Warren Buffett, and Sir John Templeton. This book will help every person improve their investment skill from the beginning investor to professionally trained CFA analysts. Popular Books. Fear No Evil by James Patterson. Mercy by David Baldacci. The Awakening by Nora Roberts. From This Moment by Melody Grace. This is a lovely book written by a very polite and engaging character, full of beautiful anecdotes and sound advice.
It has a place in my top twenty investment books. Download Now. Save my name, email, and website in this browser for the next time I comment. Sign in. Password recovery. Recover your password. Forgot your password? Get help. Please enter your comment!
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