You guys aren’t seeing things clearly
2 min read
For those of you that dont know, this is Peter Lynch:
He’s a legendary investor at Wall Street.
This man was named the head of the Magellan Fund at 1977 when he was 33 years old, which had $18 million in assets. He ran it for 13 yearsm, which allowed him to retire at 1990 at the age of 46, when the fund had grown to over $14 billion in assets. The fund annualized return was at 29.2%, more than twice the S&P 500 at that time – which means that he consistently beat the market.
After his retirement, this legendary investor switched to philantropy and only managed his own stocks.
So, I’m reading Peter Lynch’s book called “Beating The Street”, where he talks about his investiments strategies, the way he thought during critical momments and the market and so on.
While I was reading, I’ve found this:
And then he proceed to argument that in many times that apparently the world would end, the market had some big crashes and then recovered and everyone was fine.
This made me think about the whole situation we are now. I mean, there’s Putin going berserker at Ukraine, Biden saying that Putin certainly will attack it, interest rates going up, COVID has a new variant, truckers at Canada and Trudeau being mad…… basically, we are all gonna die.
Or maybe we are not gonna die and we’ll be fine. We might even be missing some buying opportunities.
To finalize this post, I’d like to quote Peter Lynch again:
We will all be fine. Just turn off the TVs and analyze this situation clearly.
Wish you all best and sorry for any english mistakes, its not my first language.
submitted by /u/Professional_Desk933
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