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To: Bill Harmond who wrote (23599)8/8/1999 6:04:00 PM
From: Craig A  Read Replies (2) | Respond to of 27307
 
PETER LYNCH'S TEN COMMANDMENTS OF INVESTMENT

Vice-chairman of Fidelity Investments and former head of its hugely successful Magellan Fund, legendary stock-picker Peter Lynch's approach to the basics of investment may be synthesized into the following ten "commandments":

1. Don't try to time the market.
2. Always take the long view.
3. Don't worry about corrections, which are periodic and inevitable.
4. Don't pull out early to avoid a bear market.
5. Don't be afraid of bear markets, which offer great opportunities.
6. Be sure you know what you own, the company behind the stock.
7. Avoid long shots, in favor of companies with healthy balance sheets.
8. Always ride out recessions.
9. Stick with stocks, which almost always outperform bonds.
10. Ignore advice that defies common sense or is emotional in appeal.


Stolen from Bull Market Report