Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Buy What You Know ? Not Always Wise Advice

FYI: Legendary investor Peter Lynch, whose investment management skills helped to attract billions of dollars into the Fidelity Magellan Fund from 1977 until 1990, once famously advised small investors, "Buy what you know."
Regards,
Ted
http://www.newsday.com/news/buy-what-you-know-not-always-wise-advice-1.8937720?view=print

Comments

  • Same can be said about Warren Buffett during the tech bubble days. He did not invest in tech stocks because he cannot justified the high valuations. The rest is history. This points to different approaches of investment.
Sign In or Register to comment.