Peter Lynch managed the Magellan Fund for 13 years. During these 13 years, the assets managed by the Magellan Fund grew from US$20 million to US$14 billion, with more than 1 million fund holders, making it the largest fund under management in the world at that time. . Magellan's investment performance also ranks first, with an average annual compound return rate of 29% in 13 years. For many people, Peter Lynch is a "dead bull" without "weekend anxiety". To him, the stock market adjustment only means the opportunity to build a position at a low price. He does not look like a stock market person, because His mentality is so peaceful. Don't be happy with the ups and don't be sad with the downs. Read Lynch's "Beat Wall Street" more when you have something to do. It's helpful to open the book and read it often.

1. Stock investment is not gambling, but the premise is that you buy stocks based on your belief that the company is doing well, not because the stock price is good.

2. Investing in stocks is like finding a partner, and getting divorced easily is not a good reason. If you made a wise choice at the beginning, don't think about giving up. If not, you will be a mess no matter what. All the liquidity in the world will not save you from pain and suffering, but it is very likely to lose a lot of wealth.

3. Never invest in any stock that you can't describe in crayon. 90 seconds is enough to tell a stock's story. If you are going to invest in a company's stock, your explanation of your investment reasons should be simple enough for a fifth grader to understand, but also short enough that even a fifth grader would not be bored.

4. Whenever the stock market crashes and I worry about the future, I will recall the fact that there have been 40 stock market crashes in history to calm my fearful heart. I tell myself that a stock market crash is actually a good thing, as it gives us another good opportunity to buy stocks of excellent companies at very low prices.

5. An investment strategy that is always very effective is to wait until the media and the general public generally believe that an industry has deteriorated from a recession to a very recession, and then boldly buy the stock of the most competitive company in the industry, which will definitely make you money.

6. No matter what method you use to choose stocks or stock funds, your ultimate success or failure depends on whether you have the courage to persevere, put aside all worries, and hold stocks firmly for a long time until you finally succeed.

7. If you find that the company's fundamentals have deteriorated, but you still hold on to the company's stock and even make further mistakes by buying more stocks, you should feel ashamed. This is exactly the investment mistake I have repeatedly tried to avoid.

8. There is no such thing as a bell that will ring once you choose the right stock. No matter how well you know a company, there is no guarantee that you will make money by investing in its stock, but if you clearly understand the key factors that determine whether a company makes a profit or a loss, then your chances of investment success will greatly increase.

9. When choosing an industry for investment, I always prefer a depressed industry to a hot industry. Depressed industries grow slowly, and the weak ones with poor management are eliminated one after another, and the market share of the survivors will gradually expand.

10. As an investment strategy, I believe that shopping in shopping malls more often is far better than trusting the investment advice of securities companies, and far better than searching through financial reports for the latest news.