Thanks Trevor for the share. It was good to watch this again. Peter Lynch is certainly an entertaining presenter.
What I like:
Peter's opening timeless adage for investors
- Know your company
- Know your company
- Know your company
Diversification is crap: A reminder that holding 100% of a wonderful company is better than having this dragged down by 9 other under performers (ha ha - I can imagine his take on ETFs). A good reminder too given the group chat around portfolio sizing and selling. I was actually thinking about my Pointerra position - I am embarrassingly overweight in this stock. However I think it is a great company so I can 'justify' my position to myself -I am taking the "Peter Lynch" approach:)
There is always something to worry about - "your stomach is the major organ you need to invest in the stock market" - so, so true.