supremebaer

[George Noble @gnoble79]

The year was 1983 and I was the auto and retail analyst at Fidelity. Peter Lynch was in his prime. #Fidelity

[Investment Wisdom @InvestingCanons]

Warren Buffett's tribute to Charlie Munger:

[Compounding Quality @QCompounding]

Druckenmiller on why you should never invest in the present.

"It doesn't matter what a company's earning, what they have earned - you have to visualise the situation 18 months from now - that's where the price will be".

[Compounding Quality @QCompounding]

My 25 favorite quotes of Peter Lynch:

1."Go for a business that any idiot can run – because sooner or later, any idiot probably is going to run it."

2."The stock market is filled with individuals who know the price of everything, but the value of nothing."

3."In this business, if you're good, you're right six times out of ten. You're never going to be right nine times out of ten."

4."The key to making money in stocks is not to get scared out of them."

5."Behind every stock is a company. Find out what it’s doing."

6."In the short run, the market is a voting machine, but in the long run, it is a weighing machine."

7."You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets."

8."Know what you own, and know why you own it."

9."Although it's easy to forget sometimes, a share is not a lottery ticket... it's part ownership of a business."

10."The best investment you can make is in yourself."

11."The person that turns over the most rocks wins the game."

12."The more you learn about the stock market, the better investor you will become."

13."There's always something to worry about. Avoid weekend thinking and ignore the latest dire predictions of the newscasters. Sell a stock because the company's fundamentals deteriorate, not because the sky is falling."

14."In the long run, a portfolio of well-chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market account."

15."The extravagance of any corporate office is directly proportional to management’s reluctance to reward the shareholders."

16."The stock market is a device for transferring money from the impatient to the patient."

17."If you don't study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards."

18."Time is on your side when you own shares of superior companies."

19."Stocks are not lottery tickets. There's a company attached to every share."

20."The worst thing you can do is invest in companies you know nothing about. Unfortunately, buying stocks on ignorance is still a popular American pastime."

21."People who succeed in the stock market also accept periodic losses, setbacks, and unexpected occurrences. Calamitous drops do not scare them out of the game."

22."The great long-term winners are companies that take the same path as your grandfather: What they make goes up in value over the years."

23."If you can follow only one bit of data, follow the earnings – assuming the company in question has earnings. Eventually, earnings will set the stock price."

24."The four most dangerous words in investing are: 'This time it's different.'"

25."I've always said if you spend 13 minutes a year on economics, you've wasted 10 minutes."

[Compounding Quality @QCompounding]

Podcasts are free education

Here are 9 podcasts you should know

1️⃣ We Study Billionaires:

[Investment Wisdom @InvestingCanons]

"When I was a boy, there was a popular saying: Don’t just sit there; do something. But for investing, I’d invert it: Don’t just do something; sit there.

Develop the mindset that you don’t make money on what you buy and sell; you make money on what you hold."

— Howard Marks

[Compounding Quality @QCompounding]

Small is beautiful.

Small cap stocks outperform the S&P500 with 4% per year on average.

Here are the 15 best small cap stocks you should know:

[Growth Labs @growthhub_]

Biggest growth hack:

Read books.

Here are 48 must read books to improve your life:

1-6.

[Investment Wisdom @InvestingCanons]

"Never ask anyone for their opinion, forecast, or recommendation. Just ask them what they have—or don't have—in their portfolio."

— Nassim Taleb

[Investment Wisdom @InvestingCanons]

"In the end, what counts is buying a good business at a decent price, and then forgetting about it for a long, long, long time. Some people can do it and some people can't."

— Warren Buffett

[Value Theory @ValueInvestorAc]

During his Peak Peter Lynch was the Worlds Best Money Manager.

Here's How he Picked His Stocks:

🧵

[Compounding Quality @QCompounding]

Peter Lynch's 25 Golden Investment Rules:

[Investment Wisdom @InvestingCanons]

"If you don't find a way to make money while you sleep you will work until you die."

— Warren Buffett

[Dhaval (Investment Books) @InvestmentBook1]

From value investing to life lessons, explore the complete collection recommended by Buffett and Munger over the past seven decades

This extensive reading list is comprised of 60+ unique books, which were meticulously curated from over 5,000 pages!!

[Commonstock @JoinCommonstock]

Peter Lynch ran the Magellan Fund from 1977 to 1990, where he generated a CAGR of 29.2%.

Starting with $20 million, the fund would grow to $14 billion by the time he left.

These 12 quotes will make you a better investor.

THREAD

[supremebaer @supremebaer1]

@SteadyCompound Munger! Thanks

[Compounding Quality @QCompounding]

All you need to know about capital allocation from @safalniveshak

[Frederik Gieschen @FrederikNeckar]

George Soros to his friend Byron Wien: "The trouble with you is that you go to work every day and you think that because you go to work every day, you should do something.

And you do something every day and you don't realize when it's a special day."

[Compounding Quality @QCompounding]

The Warren Buffett way: