Beating the Street（赶街）

Peter Lynch's "invest in what you know" strategy has made him a household name with investors both big and small.
An important key to investing, Lynch says, is to remember that stocks are not lottery tickets. There's a company behind every stock and a reason companies and their stocks perform the way they do.In this book, newly revised and updated for the paperback edition, Peter Lynch shows you how you can become an expert in a company and how you can build a profitable investment portfolio, based on your own experience and insights and on straightforward do-it-your-self research. There's no reason the individual investor can't match wits with the experts, and this book will show you how.

Book Description
Develop a Winning Investment Strategy -- with Expert Advice from "The Nation's #1 Money Manager"

Peter Lynch's "invest in what you know" strategy has made him a household name with investors both big and small.

An important key to investing, Lynch says, is to remember that stocks are not lottery tickets. There's a company behind every stock and a reason companies -- and their stocks -- perform the way they do. In this book, newly revised and updated for the paperback edition, Peter Lynch shows you how you can become an expert in a company and how you can build a profitable investment portfolio, based on your own experience and insights and on straightforward do-it-yourself research. There's no reason the individual investor can't match wits with the experts, and this book will show you how.

In Beating the Street, Lynch for the first time:

* Explains how to devise a mutual fund strategy

* Shows how he goes about picking stocks, step-by-step

* Describes how the individual investor can improve his or her investment performance to rival that of the experts of the investment clubs.

From Publishers Weekly
Until retiring in 1990, Lynch ( One Up on Wall Street ) was manager of the spectacularly successful Fidelity Magellan Fund. Here he recalls with self-deprecating humor and disarming candor how he went about choosing winning stocks (and missing a few) for the $12 billion fund, which, during one five-year period in the 1980s, earned investors a 300% return. Lynch strongly favors stocks over other investment vehicles but insists that "investigative" research into a corporation's prospects, including credit checks and visits to the firm's installations, is essential. "Focus on companies, not the stocks," he stresses, adding that on this basis limited partnerships, banks and even S & Ls can be sound investments. Lynch's reputation and business writer Rothchild's deft touch should yield big sales for this inside story. Major ad/promo; first serial to Money magazine; BOMC and Fortune Book Club alternates; author tour.

From Library Journal
Lynch is the master stock picker who led Magellan (until May 1990) to its position as America's biggest mutual fund. In One Up on Wall Street (Simon & Schuster, 1989), also written with Rothchild, he described his winning methods. Here, he provides a few more elaborations and 21 "Peter's principles." Some are overly clever, e.g., being first in line is a great idea except on the edge of a cliff. Lynch takes three chapters to explain how he "done it good" at Magellan. One valuable chapter details methods for picking a mutual fund from the thousands available, but most of the book is devoted to demonstrating his research into picking the 21 stocks he recommended in the January 1992 Barron's roundtable. Still, since the average investor will not get to talk to the CEO or visit the company in person, maybe we should all just buy Lynch's recommendations each year. A tossup. Previewed in Prepub Alert, LJ 11/1/92.
　　　　　　　　　　　　　　　　　　　　　　　　　　　　　- Alex Wenner, Indiana Univ. Libs., Bloomington

From AudioFile
Beating the Street examines famed money manager Peter Lynch's common sense approach to the stock market and individual securities analysis. His investment principles, which he refers to as "Peter's Principles," are introduced in this audio edition with a brief, self-mocking fanfare. By acknowledging its audio audience and addressing itself directly to it, this tape is more of an adaptation of the original text than a faithful reading (though the book itself is an adaptation of earlier public remarks made by Lynch). While his passion sometimes impedes his articulation, Lynch's narration is always personable and engaging. For both layman and expert, he provides clear insights into the seemingly complex task of making money in the stock market. R.W.B.

Book Dimension
length: (cm)20.6 　　　 　　　　　 　　　　　 width:(cm)14

During Peter Lynch's thirteen successful years as manager of the Fidelity Magellan Fund, it was the top-ranked general equity mutual fund in the nation. One thousand dollars invested in Magellan in 1977 was worth $28,000 when he handed over the reins of Magellan on May 31, 1990.

Since his retirement from the Magellan Fund, Lynch continues as a member of the board of trustees of the Fidelity Group of funds and writes a column for Worth magazine. He lives with his wife, Carolyn, and three daughters in the suburbs of Boston and is the author of the investment classic, One Up on Wall Street.

PREFACE
PREFACETOTHETRADEPAPERBACKEDITION
INTRODUCTION:ESCAPEFROMBONDAGE
ONE:THEMIRACLEOFST.AGNES
TWO:THEWEEKENDWORRIER
THREE:ATourOFTHEFUNDHOUSE
FOUR:MANAGINGMAGELLAN:THEEARLYYEARS
FIVE:MAGELLAN:THEMIDDLEYEARS
SIX:MAGELLAN:THELATERYEARS
SEVEN:ART,SCIENCE,ANDLEGWORK
EIGHT:SHOPPINGFORSTOCKS:THERETAILSECTOR
NINE:PROSPECTINGINBADNEWS:HOWTHE"COLLAPSE"INREALESTATELEDMETOPIER1,SUNBELTNURSERY,ANDGENERALHOST
TEN:MYCLOSESHAVEATNUPERCUTS
ELEVEN:BLOSSOMSINTHEDESERT:GREATCOMPANIESINLOUSYINDUSTRIES
TWELVE:IT'SAWONDERFULBUY
THIRTEEN:ACLOSERLOOKATTHE.S＆Ls
FOURTEEN:MASTERLIMITEDPARTNERSHIPS:ADEALWITHAYIELD
FIFTEEN:THECYCLICALS:WHATGOESAROUNDCOMESAROUND
SIXTEEN:NUKESINDISTRESS:CMSENERGY
SEVENTEEN:UNCLESAM'SGARAGESALE:ALLIEDCAPITALII
EIGHTEEN:MYFANNIEMAEDIARY
NINETEEN:TREASUREINTHEBACKYARD:THECOLONIALGROUPOFMUTUALFUNDS
TWENTY:THERESTAURANTSTOCKS:PUTrlNGYOURMONEYWHEREYOURMOUTHIs
TWENTY-ONE:THESIX-MONTHCHECKUP
25GOLDENRULES
POSTSCRIPT
INDEX