As always, this episode is NOT financial advice.
Peter Lynch is one of the most successful professional investors of all time. According to him, amateurs can win. The most important rule to follow is that you should stop listening to professionals!
Most investment books recommend passive investing, where you buy a whole haystack and assume you'll get a few needles. Peter's shows a strategy that gives us amateurs a chance at beating the investors, picking the needle.
There are some things you're sincerely interested in. Whether it is cars, cameras or technology, you develop a sense of what's good and what's bad. You know what sells and what doesn't. In some contexts, you know it before Wall Street knows it. And you have the opportunity to jump on before the investment banks begin to recommend the stock.
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