I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Thursday, 22 August 2019

You Want To Know More About Peter Lynch's Investing Quotes???


Read? Posting related to Peter Lynch 
Posted by Createwealth8888 at 22:30
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4 comments:

  1. Spur23 August 2019 at 11:54:00 GMT+8

    Hi Uncle8888,

    Haha, the man that (almost) never came across a stock he didn't like. :)

    A coincidence ... I just finished re-listening to his One Up On Wall St audiobook (narrated by Lynch himself), and am reminded how he approaches stocks like how an investigative reporter tracks down & develops a local story.

    I think people don't put enough emphasis on his "pruning & rotation" and "sell & switch" from poor performers to good performers strategy. Although Lynch's style is to be super patient as long as the story remains good, and not to cut totally even if the story deteriorates.

    Oh yeah his famous quote that no stock professionals want to repeat: "buy a house before investing in stocks" LOL!

    "Buy what you know" -- his most misquoted quote

    I find it funny at the end of the book when Lynch mentioned about general public expecting another Great Depression, and that the economy was already in the early stages of a depression in 1989 when the book was published. I guess each generation always fights the same demon. His optimism on US economy, capitalism, longterm prosperity etc reminds me of Buffett LOL!

    ReplyDelete
    Replies
    1. CreateWealth888823 August 2019 at 12:15:00 GMT+8

      Best about him. He knew when to quit and maintain track record for future generations to break. :-)

      Delete
  2. Singapore Man of Leisure23 August 2019 at 12:44:00 GMT+8

    CW,

    Yup.

    Knowing when to quit when we are ahead is the secret to immortality ;)

    Like 刘文正 and 江蕙.

    Some stars overstayed their welcome; its sad to see their diminished states trying to make ends meet...


    I hope when the time comes, I too will have the wisdom to walk away from investing and trading.

    ReplyDelete
  3. Spur23 August 2019 at 13:11:00 GMT+8

    Heh heh ... he still has a investing track record, but this one for his eyes only! LOL!

    I think the main thing for him is that he is able to control greed --- till today he has never been a billionaire or even a half-billionaire --- a status that has become the "norm" among investing gurus.

    Not forgetting that the last 3 years from 1987-1990 was incredibly mentally taxing and ultimately physically taxing for him.

    But hey! He retired at age 46 a multi-hundreds-millionaire!!

    ReplyDelete

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