We study billionaires and this is episode 124 of The Investors Podcast.

Broadcasting from Bel Air, Maryland. This is The Investors Podcast.

They'll read the books and summarize the lessons. They'll test the waters.

Tell you what it's called. They'll give you actionable investing strategies.

Your host Preston Pish and St. Broderson.

Hey, how's everybody doing out there? This is Preston Pish and I'm your host for The Investors Podcast.

It's usually one company by my co-host, St. Broderson, out in Seoul, South Korea.

Today we have a book for you and this one is a very, very popular book

that you'll find on Amazon if you look for anything stock investing.

I'm sure this will be one of the top search results.

It is one-up on Wall Street by Peter Lynch.

I'm surprised that we haven't done this book up until 121 episodes.

This one here is a pretty famous book.

For anybody that doesn't know who Peter Lynch is,

Peter Lynch retired from his position as a manager at the Magellan Fund in 1990

after one of the most successful runs in stock market history.

During his remarkable 13-year run, Lynch produced an annualized rate of return of 29.2% annually,

beating the market by and large by about 13.4% per year while he was running this fund.

The Magellan Fund was one of the best performing mutual funds in the world between 1977 and 1990.

If you had invested $10,000 on the first day that Peter Lynch took over,

then you would have sold that position whenever he left.

You would have had $280,000 just in that short amount of time.

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