TIP658: Peter Lynch’s Guide to Investing in Your Expertise w/ Kyle Grieve

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 8 September 2024

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s episode, Kyle Grieve discusses the importance of simplicity and understanding for investment success, why you can succeed in investing while being wrong often, cloning characteristics too many investors follow that should be avoided to improve investing success, the significant differences in analyzing large and small businesses, how to treat stock tips with caution to avoid risky investments, why separating your investments into subtypes can be a helpful investing tool, and a whole lot more! IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 03:44 - Why investing in things that you understand well is still such a big competitive advantage in investing. 04:59 - The vital interplay between fundamentals, momentum, value, and price. 11:18 - How to succeed in investing while being dead wrong 40% of the time. 16:12 - Why market timing is one of the quickest ways to decrease returns. 18:18 - The crucial connection of contrarianism and patience that Peter says makes a successful investor. 21:05 - The significant differences in analyzing small businesses compared to larger businesses. 31:34 - Why you should look to market pricing to find great opportunities and not to assess performance. 32:45 - How you should treat stock tips. 37:05 - 13 unconventional characteristics of outstanding investments. 52:51 - Lynch's six investment types, and why delineating them was important. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Buy One Up On Wall Street here. Follow Kyle on Twitter and LinkedIn. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Range Rover Sound Advisory American Express The Bitcoin Way Vacasa USPS Onramp SimpleMining Public Fundrise BAM Capital Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.0	Peter Lynch is among the most successful investors of all time,
0:05.0	generating a whopping 29% compounded annual return
0:08.0	over 13 years, vastly outperforming the S&P 500
0:12.0	by a wide margin during that time span.
0:14.1	His book, One Up on Wall Street, explains some of the most significant concepts that
0:17.6	helped him reach such lofty success levels.
0:20.4	The most powerful concept in the book was for retail investors.
0:23.0	His insistence on using what you already know to help you generate stock ideas that Wall Street doesn't widely hold.
0:29.0	He outlines numerous places to look to help you find ideas that you will already understand well.
0:33.0	This flies in the face of much of the typical Wall Street dogma which is
0:37.0	buying whatever is hot, popular, and hard to understand.
0:40.0	Peter Lynch was a master of turning over more rocks than other analysts and other fund managers,
0:44.6	which was a significant reason for his success. His investing strategy required many tracking positions
0:49.6	where he would buy all sorts of businesses in a particular industry,
0:53.0	and then he'd increase his bets on the companies
0:55.0	that he thought had competitive advantages over competitors.
0:58.0	While Wall Street doesn't widely use this method,
0:59.8	it was incredibly successful for Peter Lynch.
1:02.4	Today, we'll cover topics like
1:04.0	the importance of simplicity and understanding for investment success, why you can
1:07.7	succeed in investing while being wrong often, cloning characteristics too many
	...

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