Peter Lynch is one of the most successful Fund Managers of all time!

He grew Assets under Management from $18 million to $14 billion in just 13 years.

His track record is so great because he knew when to sell.

Here are his 6 Strategies for Selling Stocks: 1. When to Sell... A Stalwart

Lynch classifies stocks into six categories.

We go through each and explain when he sells this category of stock.

Stalwarts grow decently (5-10%) and are low-risk investments.

He sells when...

- the P/E goes well above historical averages
- new product generation performs worse than the prior (after two years)
- the P/E is well above the industry average

Examples Stalwarts:

Joel Greenblatt compounded at over 40% from 1985 to 1994.

In his Columbia Class, he taught how he did it.

It's one of the best investing resources I've ever read!

Here are the 6 Key Points from Greenblatt's Columbia Class (+Free PDF)👇🏼 1. What’s a good Business

It’s always: “Buy a good business at a fair price.”

But what is a good business?

This is Greenblatt’s criteria:

Superinvestor Bill Ackman placed a $1.4 billion Bet on Nike Stock!

It's +11% of his Portfolio!

Since then, Nike stock is 20% cheaper. Is it a good buy now?

Let's take a look at Nike's Valuation:
$NKE 1. Stock Situation

Nike is down 55% from its 2021 All-Time High and flat since 2018.

What happened to Nike?

1. Direct-to-Consumer Focus
2. Mismanagement
3. Inflation and Competition

Let's dig deeper!

Daniel Kahneman was the expert on Human Decision-Making.

Despite reading dozens of books and visiting university lectures, his book remains the best I ever read.

Here are 10 Biases explained in under 2 minutes that influence our Thinking and Decisions:
(I wish fewer people would fall for No.8...) 1. Self-Serving Bias - Our failures are situational, but our successes are our responsibility.

The S&P 500 returned the biggest 2-year gain in a century!

Does this mean there is a crash ahead? Is there a bubble?

I don't believe in fearmongering.
But history suggests significantly lower returns in the years ahead.

Here's how the Best Investors Prepare: 1. The Basis: Don't be Scared

Do not panic or let anyone scare you with crash narratives.

No one knows where the market will be next week let alone next year. No one!

Understanding that is the basis.

You can never go wrong with learning from the best to ever do it!

Here are 5 Gems of Warren Buffett's and Charlie Munger's Wisdom:

1. Mental Attributes of Great Investors 2. Diversification is Protection against Ignorance

Charlie Munger was not only a tremendous investor, he was also one of the wisest people on this planet.

In 2007, he gave the USC Law Commencement Speech, and it contains tons of wisdom.

Here are 8 Lessons he viewed as most important for a Successful Life 👇 1. Self-Pity

Self-pity has never improved any situation.

It's a destructive mode to be in and very hard to get out of once you enter.

Life can come at you in unexpected ways that might feel unfair to you.

But self-pity is never the right answer.

Here are 5 Movies and Shows about the Stock Market and Money:

1. Dumb Money: The Gamestop Story

A movie about the Gamestop stock mania. 2. The Inside Job

A story about the 2008 financial Crisis.

Top Book Recommendations by 10 of the best Investors of all time:

1. Warren Buffett 2. Charlie Munger

John C. Bogle changed the financial industry more than almost every other person.

He is known as the father of index investing.

He founded the Vanguard Group, which now manages $7.2 trillion.

Here are his 7 Investment Principles that made him create Index Funds: 1. Reversion to the Mean

Don’t think the past is prologue, it rarely is. Sometimes it’s anti-prologue.”

All extreme deviations from the mean will be short-term.

Over- and underperformance, eventually, they reverse to their mean.

This is Howard Marks.

He is a billionaire investor and one of the most prestigious Value Investors out there.

He founded Oaktree Capital and grew it to over $170 billion in AUM.

I read every single Memo he ever wrote.

Here are his Top 9 Investing Rules: 1. Focus on Intrinsic Value

Price only tells you what people are willing to pay, not what a company is worth.

Intelligent Investing must be based on estimates of Intrinsic Value.

The higher the intrinsic value relative to the price, the bigger the opportunity.

This is David Tepper.

He is worth over $20 billion and is the Founder and CEO of the Appaloosa Hedge Fund.

He has had tremendous returns of 20%+ annually for decades and is famous for delivering 120% returns in 2008.

Here are his Top 7 Investing Rules: 1. Stay Flexible in Your Strategy

One of Tepper’s strengths is his flexibility.

He adjusts his strategy based on changing market conditions.

Whether it's stocks, bonds, or distressed assets, he remains adaptable and is not married to one type of investment.

Here's a comprehensive Collection of 14 Investors and their Investing Strategies and Rules:

1. Charlie Munger 2. Bill Ackman

Buffett turns 94 years old today!

Instead of posting 94 quotes, let's actually learn something from him.

I've studied his most successful years ever: 1956-1966.

Here's how he invested and achieved +50% annual returns👇 1. The Biggest Mistake

The biggest mistake you can make is to invest like 94-year-old Buffett.

He is limited in his investments due to his size. You're not.

Here's how he invested when he had "only" a couple hundred thousand and turned it into billions:

How you behave in market crashes can decide over your entire investing career!

Here are some of the best investors of all time telling you what to do👇

Phil Fisher is the most influential investor that you don't know.

He's the father of "Growth at a Reasonable Price" and influenced even Buffett and Munger.

Here is his Checklist for finding great compounders early: 1. Runway

Long-term growth is a matter of runway.

Fisher focused on products that have a sizeable market and can generate revenues for years to come.

He wasn’t interested in one-off growth opportunities.

Aswath Damodaran is the ‘Dean of Valuation.’

For almost four decades, he has been teaching valuation at NYU.

He also teaches millions of people online.

Here are 7 Key Valuation Lessons from Aswath Damodaran👇🏼
(+PDF of his Class Presentation) 1. The Bermuda Triangle of Valuation

There are three things that will ruin your valuation from the get-go.

1.1 Perception of Value Beforehand:

If you have an idea of value before your valuation, you’re already biased.

Your valuation will inevitably be close to that number.

Mohnish Pabrai's book "The Dhando Investor" is excellent for investing beginners and intermediates.

Here are the 5 most important Dhando Rules👇 1. The Power of Arbitrage

"Heads, I win; Tails, I don't lose much."

That's Pabrai's famous quote. However, there's an even better option.

Arbitrage opportunities have zero downside; they are, by definition, risk-free.

The best-known example is Merger Arbitrage.

American hedge fund billionaire Bill Ackman is a big fan of self-studying investing.

"You can learn investing by reading books."

Here is the 11-Book-List that he recommends to everyone who wants to learn about Investing👇 1. Quality of Earnings by Thornton O’Glove

Earnings are one if not the most important driver of investment performance.

Thornton O'Glove does a phenomenal job of explaining how to analyze earnings and their sustainability/quality.

Jeff Bezos is one of the most successful entrepreneurs of all time. He is worth $210,000,000,000.

Since 1997, Bezos has written 24 Shareholder Letters.

They are a masterclass on entrepreneurship, investing and life.

Here are the 7 most important Concepts: 1. Stock vs. Company

"The stock is not the company, and the company is not the stock."

Bezos didn't have the regular CEO mindset. He had a value investor mindset.

Improve the fundamentals, increase value, don't bother with stock movements.

“I think I could make you 50% a year on $1 million. No, I know I could. I guarantee that." - Warren Buffett

99% of today's investors invest like 93-ear old Buffett.
Instead, they should invest like young Buffett.

I studied Buffett’s Letters from 1956-1966. Here's his strategy👇 1. Categories of Investing

Buffett used to distinguish between 3 categories of Investments.

In 1964 he decided to add a fourth one:

- Generals - Private Owner Basis
- Work-Outs
- Control Situations
- Generals - Relatively Undervalued (added in 1964)