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Rinku
Senior Member
Joined: 06/Apr/2007
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Posts: 313
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   Posted: 21/May/2007 at 10:11pm |
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I love peter lynch and try to emulate him.Thanks for the link basantiji.
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 23/May/2007 at 10:23pm |
Small investors are capable of handling all sorts of Markets, as long as they own good merchandise. If anyone should worry, it's some of the oxymorons*. After all, the losses of last October were only losses to people who took the losses. That wasn't the long-term investor. It was the margin player, the risk arbitrageur, the options player, and the portfolio manager whose computer signalled 'sell' who took losses. Like a cat who sees himself in a mirror, the sellers spooked themselves.---Peter Lynch (this was post Oct'87 Crash)
*oxymorons=Conjoining contradictory terms (as in 'deafening silence', 'jumbo shrimps', 'military intelligence'). Lynch adds 'Professional Investing' and 'Expert Analysts' to the list of oxymorons.
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Life can only be understood backwards—but it must be lived forwards
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 26/May/2007 at 12:26pm |
Like the alcoholic enticed back into the gin bottle by the innocent tasting of beer, the stockpicker who invests in options as insurance often cannot help himself, and soon enough he's buying options for their own sake, and from there it's on to hedges, combinations and straddles. He forgets that stocks ever interested him in the first place. Instead of researching companies, he spends all his waking hours reading market timer digests and worrying about head-and-shoulder patterns or zigzag reversals. Worse, he loses all his money.---Peter Lynch
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Life can only be understood backwards—but it must be lived forwards
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 29/May/2007 at 6:52am |
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You should think of your stocks as you would your children: you have limited time, so you can’t keep an eye on too many of them at once. I think that five stocks is enough for most of us to keep track of. ---Peter Lynch's advice to retail investors (source: moneyweek)
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Life can only be understood backwards—but it must be lived forwards
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Vivek Sukhani
Senior Member
Joined: 23/Jul/2006
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Posts: 6675
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Posted: 29/May/2007 at 10:14am |
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Isnt it in contravention of the style he personally had for himself, where he kept so many stocks in his portfolio.
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investor
Senior Member
Joined: 06/Sep/2006
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Posts: 1745
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Posted: 29/May/2007 at 11:54am |
I think that was because as a fund manager, he had to diversify, cannot afford to have a concentrated portfolio when you are managing a fund, especially such a huge one like Lynch did. For a personal portfolio, he recommends concentrated holdings.
Originally posted by Vivek Sukhani
Isnt it in contravention of the style he personally had for himself, where he kept so many stocks in his portfolio. |
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The market is a place where people with money meet people with experience.
The people with experience get the money while people with money get experience!
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 08/Jun/2007 at 8:53am |
Nowadays the change in trading hours makes it harder to pay attention to fundamentals & keep your eye off the Qaorton. For eighty years until 1952 the NYSE opened at 10:00AM and closed at 03:00PM giving newspapers time to print up the results for the afternoon editions so investors could check their stocks on the ride home. In 1952, Saturday trading was eliminated , but the daily closing hour was advanced to 03:30, and in 1985, the opening hour was moved to 09:30, and now the market closes at 04:00pm. Personally I would prefer a much shorter market. It would give us all more time to devote to analysing companies, or even visiting museums, both of which are more useful than watching stock prices go up and down.---Peter Lynch
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Life can only be understood backwards—but it must be lived forwards
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 10/Jun/2007 at 5:11pm |
You don't lose anything by not owning a successful stock, even if it's a tenbagger.---Peter Lynch
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Life can only be understood backwards—but it must be lived forwards
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