Book: Beating the Street by Peter Lynch with John Rothchild | ISBN: 978-0-671-75915-5
Mention savings and loans in the early 1990s and people grabbed their wallets. The $500 billion bailout. 675 bankrupt institutions. 10,000 fraud cases pending with the FBI. The word “thrift” used to remind people of Jimmy Stewart in It’s a Wonderful Life. Now it reminded them of Charles Keating in handcuffs.
Book: Beating the Street by Peter Lynch with John Rothchild | ISBN: 978-0-671-75915-5
Peter Lynch would rather invest in a boring, struggling industry than a hot, growing one. That sounds wrong. But he has decades of results backing it up.
Book: Beating the Street by Peter Lynch with John Rothchild | ISBN: 978-0-671-75915-5
By late 1991, everyone was convinced that real estate was collapsing. For-sale signs were popping up like weeds. Fat-cat homeowners in places like Marblehead, Massachusetts, were complaining that their houses were worth 30 to 40 percent less than a couple years ago. Newspapers ran collapse stories almost daily.