저자: 미상 · 외국인
요약 보기
피터 린치 투자 스타일과 생애를 소개하는 교육 영상이다. 핵심 결론: 린치의 연평균 수익률(약 29%)이 버핏(약 20%)보다 높았지만, 버핏은 57년 기록이고 린치는 13년 기록이라 단순 비교에는 한계가 있다. 린치의 생애: 1944년 미국 매사추세츠 출생, 어릴 때 아버지 사망 후 캐디 아르바이트로 가계를 도왔다. 피델리티 인턴을 거쳐 1977년 마젤란 펀드 매니저가 되었다. 펀드 성과: 운용 초기 펀드 규모는 약 1,800만 달러였고, 13년 후 은퇴 시점에는 약 140억 달러였다. 연평균 수익률은 29.2%로 소개되었으며, 100만 달러를 투자했다면 은퇴 시점에 약 2,800만 달러가 되었을 것이라고 설명했다. 투자 기준: 수익성, 주가, 사업모델이 좋은 기업을 선호한다. 업종 평균 이하의 PER, 20~30년간 지속 성장하는 배당, 낮은 부채, 높은 주당 순현금 비율을 강조했다. PEG 비율(PER÷성장률)로 성장 대비 저평가 여부를 판단한다. 투자 원칙: 1) 매수 전 기업을 철저히 이해할 것 2) 적절한 분산투자 3) 적자 기업의 흑자 전환 기다리기 4) 많은 사람이 외면하는 종목에 기회가 있음 5) 적정 종목이 없으면 무리하지 않기. 언급 종목: 없음(특정 상장사 매매 추천 없음). 린치 저서 'One Up on Wall Street', 'Beating the Stock Market' 소개. 리스크/조건: 성장과 스토리만으로는 부족하며 밸류에이션 확인이 필요하다고 강조했다. 출연자 전망 발언은 없다.
다듬은 글
Hello fellow investors. In the previous video, we just discussed Warren Buffet from India, Rakes Junjunwala. Well, on this occasion we will discuss one of the important shops that is no less interesting, namely Peter Lynch. As you know, Peter Lens is often an inspiration for world investors. And what's no less interesting is that Peter Lynch's annual returns are greater than Warren Buffet's.
So, are you curious about the story of Peter Lynch? How does his investment style work to beat Warren Buffet's returns? Come on, let 's discuss it straight away. Peter Lynch is a stock market investor and mutual fund manager of the Megel fund at Fidelity Investment. He has the nickname The Camelon in the world of stock investment and produces an average annual return of 29%.
This is bigger than Warfet which produces around 20%. Maybe some of you here are thinking , is Peter Linsch greater than Warren Buffett? Because in terms of investment returns, it beats Warren Buffet's returns. Well, to answer that question, let's first look at Peter Lynch's childhood background and career .
Peter Linch was born on January 19, 1944 in Newton, Massachusetts, United States. His father was an accountant and made a lot of money from his job. So it can be said that Peter Lich and his family have a good lifestyle and economy. However, when Peter Lins was 7 years old, his father died from an illness he suffered from.
After his father's death, Lens' family's condition was reportedly not good. His mother, who had previously been unemployed, had no choice but to return to work with two jobs at once. So to help his mother earn a living, Lynch started working as a caddy at a golf club when he was 11 years old. When she was young, Lyn really understood her mother's condition, who worked hard to finance her education.
So when he grew up, Peter Lynch had the mindset that he had to make a lot of money so that his mother wouldn't have to work hard or no longer have to work. Therefore, Lynch worked very hard and it was proven that his work as a kedy changed the life of Peter Lynch. His interest in the stock market developed after overhearing conversations of high-profile investors who came to play golf.
While working as Kedy, it allowed Lynch to hone his social skills . He often chats with entrepreneurs and investors who are playing golf. Long story short, with his work Lynch met a mentor who changed his life 180 degrees. He met with the executive vice president of fidelity, George Sullivan. His meeting with George Sullivan certainly didn't just happen.
Peter Lynch left a good impression of meeting Sullivan. When it was raining, George Sullivan left behind the umbrella he was carrying. Peter Lynch took the initiative to buy a new umbrella with his own money and gave the umbrella to George Sullivan. This is what impressed George Sullivan with Peter Lynch.
Peter Lynch was able to attend Baston College on the recommendation of George Sullivan and received a full scholarship from his work as a caddy. Well, long story short, Lynch finally graduated with a finance degree in 1965. And in 1966 Sullivan urged Lynch to join his company. Up until that point, Peter Lynch had found his feet after graduating college with an internship at Fidelity.
Oh yeah, there's some interesting information about Peter Lynch when he was in college. Well, when he was studying at Boston College, he was used to saving. From his savings he bought 100 shares of Flying Tiger Airlines. Well, at that time this stock rose high in the market. gave Peter Linsch a large return so he could use the money to help pay for his postgraduate studies.
He finally earned a Masters in Business Administration or MBA from the Warton School of Business at the University of Pennsylvania in 1968. In 1966 Lynch was hired as an intern. He served as an analyst in the chemical paper and publishing industry at Fidelity. But from 1967 to 1969 it was forced to stop because Peter Lynch joined the army to serve his country.
In 1969 after returning from the army, he was hired permanently at Fidelity Megeland and was appointed head of the textiles, mining, metals and chemicals investment sector. Long story short, in 1974 Lynch was appointed director of analysis at Fidelity. And 3 years after that in 1977 he was appointed fan manager Megel Van as head of fidelity Magelan.
Peter Lynch works diligently. Working 6 to 7 days a week. With the help of two assistant analysts, he was able to invest in as many as 1400 stocks at once. Lin personally met with various brokers, company managers, and analysts to gain first-hand knowledge of the financial markets. On the day Lynch managed the Megelan fund, he only had a total investment of 18 million US Dollars.
However, 13 years later when Lynch stepped down from his position to retire, the fund was around 14 billion US Dollars. This is a major achievement where 13 years of his hard work and ambition have paid off with the company's historic asset growth and annualized return of 29.2%. This makes Peter Lynch a mentor to many of the world's leading fan managers .
Just imagine if someone put 1,000,000 US into a portfolio managed by Peter Lynch, the fund would become 28,000. 000 US on the day he retired. Peter Linsch's return clearly beats Warren Buffet's return, which only has a return rate of 20%. Although if we look at Warren Buffett's average return for 57 years, Peter Lin's is only 13 years.
However, Peterins' average return can still be considered large in the world of stock investment. Maybe some of you are wondering , how did Peter Lins' investment approach come about? How could it be so big? Well, there are three important qualities that Peter Lynch looks for, namely stocks that have good profitability, price, and business model.
According to Lynch, a good company has high growth and profitability prospects and has a PI ratio below the industry average and below the company's historical average. In addition, the company should have dividends that continue to grow over a period of 20 to 30 years. The company's debt should also be low and the net cash to share price ratio should also be high.
Well, Peter Lin is very confident that retail investors like us have an advantage over professionals when it comes to analyzing stocks. Because retail investors have more freedom to act than professionals who are bound by committees, supervisors or superiors. Well, this flexibility is what gives tail investors an advantage because they have better ability and potential to find more profitable stocks.
Peter Lynch is also known for adopting a story approach to his investments. He believes the more people know about a company, its business, its products, and its competitors, the greater the opportunity to find profits in that stock. In addition, he also believes that small or developing companies have higher returns than more major companies.
However, Lin strongly emphasized that having a good company story or growth alone is not enough. You still have to research the fundamentals and look at the valuation. Therefore, Peter Lins introduced the PG or price earnings to growth ratio. Where the PEG ratio functions to determine whether the stock is cheap while still considering the company's growth.
PEG is determined by dividing the company's PE ratio by its historical growth rate . Now it's no surprise that Peter Rin is often referred to as The Camelon or chameleon in the investment world. His considerations in each condition may be different. This nickname was given to him because of his investment adaptability which can change according to market conditions.
AIDS. Although Peter Lynch is nicknamed The Camel and has a different investment style for each situation, he has the same investment principles that we can certainly learn from. What are the principles? The first is that before buying shares, an investor must know the ins and outs of the company . So, when we have done a thorough analysis, we certainly won't be carried away by the ups and downs of the market.
Because we know what causes can affect the company's performance, whether it declines or makes a profit. This will make us more confident in investing in stocks. The second principle, namely diversification, according to Peter Linch is mandatory. But don't overdo it. The number of issuers in each investor's portfolio will of course differ depending on how many issuers we can handle.
Because when we buy shares in the future we have an obligation to control those shares. If there are too many, we will be the ones who will have difficulties. The third principle, Lins does not recommend that investors guess a company. will gain profits from companies that have historically made losses.
So, according to him, it's better to wait for the company to make a profit before we can invest. The fourth principle is that market players are often very happy with stocks that are being widely discussed. Lin himself said that good companies usually have many things that people don't realize. Therefore, the possibility for large profits actually lies with issuers that many people dislike.
Peter Lynch's final principle is not to force it if we haven't found a company that we think is worth investing in. There are several reasons, for example the share price is not suitable or the valuation itself is not that cheap. Therefore, it is better for us to wait until the stock enters our buying target.
So, that was the story of Peter Lynch. If there are any of you who idolize him or already have a collection of Peter Lynch's books, the titles are One Up on Wall Street and Beating the Stroid. Please try to be absent in the comments column, okay? Okay, that's all our discussion about Peter Lynch this time.
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