Peter Lynch - Things To Remember When Investing

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결론: 주식시장은 장기적으로 유리하지만 단기 예측은 어렵고, 기업 분석과 투자 기간 설정이 핵심이라는 주장. 주식시장과 심리: 나쁜 뉴스는 끝없이 들리므로 하락을 견딜 수 있는지 스스로 물어봐야 한다. 조정을 기다리거나 예상하다 손해 본 사람이 실제 조정으로 손해 본 사람보다 많다. 하락 대응: 시장이 10% 또는 20% 떨어지면 팔 것인지 미리 생각해야 하며, 그 답이 팔겠다면 오늘 주식 비중을 줄여야 한다. 마젤란 펀드 13년간 시장이 10% 이상 하락한 9번 모두 시장보다 더 떨어졌지만 걱정하지 않았다고 회고. 투자 기간: 1~2년 내 필요한 돈은 주식이 아니라 MMF에 둬야 한다. 장기로 보면 주식시장이 최선이었다(최근 10년, 30년, 130년 기준). 신흥국: 전문 분야가 아니지만 많이 하락해 잠재력이 있어 리서치할 만하다는 견해(장기 관점, 방향 예측 아님). 거시경제: 금리나 미래 경제는 보지 않고 현재 기업 상황만 본다. 내년 월스트리트저널이 있다면 돈을 내고 사겠다는 농담 섞인 언급. 기업 분석: 주식은 복권이 아니라 회사의 지분이며, 회사가 잘 되면 주가도 오른다. 기업을 조사하는 것이 핵심이고, 현업 전문성이나 정보 우위가 엣지가 된다. 정보 환경: 과거 정보 접근이 어려웠던 것과 달리 지금은 실적 발표와 재무제표가 무료로 공개되어 개인의 정보 격차가 줄었다. 편향과 유연성: 성장주만 보거나 철도·석유·철강 등 특정 업종을 배제하는 편향을 버리고, 턴어라운드 기업과 노조가 있는 기업도 열린 마음으로 봐야 한다. 유연성이 뛰어난 펀드매니저가 성과를 낸다.

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01. click the link in the description below to get a free stock on steak now here's some straight facts from peter lynch in the stock market the most important organ is the stomach it's not the brain there's always on the way to work the amount of bad news you can hear is almost infinite now so the question is can you take that i mean do you really have faith that 10 years 20 years 30 years from now common stocks a place to be if you believe in that you should have some money in equity funds i mean it's a question what's your talents for paying i mean the stock market's a very good place to be but i can toss a coin now it's gonna be lower two years from now higher i don't know more people lost money waiting for corrections and anticipating corrections than the actual corrections well you ought to look in the mirror every day and say what am i going to do if the mark goes down ten percent what do you do if it goes down 20.

02. am i going to sell am i going to get out if that's your answer you should be reducing it today well hey this perfect record i think the 13 years i ran magellan the market went down nine times 10 or more i had a perfect record i went down more than the market every time i went down i went down more so i i just didn't worry about it the point is you would you say to yourself do i need this money in a year do i need this money in two years do i need this money in three years so am i longer term stock market's been the best place to be last 10 years last 30 years last 130 years but if you need the money in one or two years you shouldn't be buying stocks you should be in a money market fund well i think emerging markets that's not my expertise but i mean these markets have been really hammered you know and they're a lot of countries are doing a lot better you know i mean so i think there's potential there that's not my expertise but i think emerging markets could be a place to research i i never looked at the economy i want to find out the only i look at what's happening right now you know what's going to happen a year for now what's going on interest rates i'd love to get next year's wall street journal i pay an extra dollar for it that'd be very helpful i don't know what's going on in the future but i want to find right now well i think anybody that's investing in the stock market that's nice and you buy a company these are not lottery tickets he's behind every stock there's a company if the company does well over time the stocks do well and vice versa you have to look at the company that's what you're researching that's what we do at valley that's what i do you could be an interventional cardiologist and you're putting in abumed's impella you say wow this really is an incredible breakthrough preventing shock preventing you know hemodynamic support it's amazing it's it's it's a breakthrough it's great it works but you you're actually using it i mean or you're you're assisting you're in the operating room seeing this breakthrough that's you know you start way ahead of most people that's an edge you need an edge on something well the data now is so good i remember when nike we own nike we had to wait for the mail to come to our library now when somebody reports earnings it's telecast all over the world they have an investor presentation they show a balance sheet so information is much better so theoretically the individual's edge has improved in the last 23 years versus the professional the date is there it's free but i think a lot of people that promise they have so many prejudices there's so many biases they won't look at a railroad they won't look an oil company they won't look at a steel company you know they're only going to look at companies growing 40 a year they won't look at turnaround so one thing you just don't have so many pressures and biases i bought companies with unions you have to really be agnostic and a lot of people they're just not flexible i think flexibility is and that's why fidelity's had so many great fund managers we're they're very flexible what they'll look at