Book: Beating the Street by Peter Lynch with John Rothchild | ISBN: 978-0-671-75915-5
We’ve reached the end of Peter Lynch’s Beating the Street. Twenty-six posts later. And the honest answer to “is this book worth reading?” is a clear yes. But maybe not for the reasons you’d expect.
Chapter 6 is called “Debiasing.” After five chapters of telling us how broken our brains are, Richards finally starts talking about what we can actually do about it. The short answer: there is no magic fix. But there are tools that help.
You’ve probably heard the standard advice. When you’re young, put your money in stocks. As you get older, shift to bonds. Simple. Clean. Fits on a napkin.
Here’s a question that keeps coming up in investing: how do you know if a fund manager is actually good, or just lucky?
Nobody gets excited about taxes. I get it. But if you’re investing in REITs, understanding how they’re taxed is genuinely important because it directly affects how much money you actually keep. Chapter 11 of Mike Hartley’s book covers this, and I’ll try to make it as painless as possible.
Book: Real Estate by the Numbers | Authors: J Scott and Dave Meyer | Chapters: 16-19
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Book: Financial Markets and Institutions, 11th Edition Author: Jeff Madura Publisher: Cengage Learning, 2015 Series: Chapter 11 Review
How much is a stock actually worth? That is the central question of Chapter 11. And the honest answer is: it depends on who you ask and what model they use. Madura walks through the main valuation methods, explains how risk gets measured, and then tackles whether markets are even efficient enough for any of this to matter.
You figured out what’s broken. You even found the best places to push. But now what? How do you turn a list of insights into an actual plan?
If the Preserver is the cautious tortoise and the Follower goes with the crowd, the Accumulator is the person at the poker table who shoves all in and stares you down while doing it. Chapter 11 of Behavioral Finance and Investor Types by Michael M. Pompian introduces the most aggressive of the four behavioral investor types.
In Chapter 19, Larry Harris breaks down the most overused word in finance: Liquidity. Everyone wants it, but very few people can define it.