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Peter Lynch interview


Guest kumar
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http://www.globes.co.il/serveen/globes/docview.asp?did=1000540545&fid=1724

 

...."The average person can get to know 5-10 companies very well, and once every few years he will come across an opportunity to make a good investment. In principle, you need 3-4 good companies to invest in over ten years....

 

....I bought small companies that grew over the years. This is a strategy that worked, and still works today," he says. "I bought companies whose performance was weak and that turned their businesses around. This method still works today. If you invest in companies whose assets are worth more than their market cap, you have found a great investment opportunity."....

 

...."The significance of the lost decade is very simple. Companies earn more than they did ten years ago, and they are traded at lower prices than they were then. There's an investment opportunity here. There are companies on the market with good balance sheets and wonderful reputations, that make better profits today than ten years ago, and will continue to grow. This is an extraordinary period for investment." ....

 

....I prefer to be invested in companies that any idiot can manage, because in the end, that is what will happen....The second way of making money is to go for companies with poor performance now, but that have a strong balance sheet, and are likely to recover as their industry recovers.....

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