Like Warren Buffett, Lynch is a talented investor, but like Buffett, he's created a folksy public persona that misleads investors into thinking investing is simpler than it really is.īeyond that, much of Lynch's advice is vague and contradictory. In the introduction to Beating the Street, Lynch recommends that income-seeking investors put their money in stocks, since stocks produce higher long-term returns than bonds, and generate income by selling a portion of their shares each year. Beating the Street fleshes out these principles by providing case studies of the stocks that Lynch recommended in the 1992 Barron's roundtable.īoth books have a dangerous "stocks are always a great investment" theme.
One Up on Wall Street explains the investment principles that Lynch used during his market-beating tenure as the manager of Fidelity's Magellan Fund. I recently finished two books by Peter Lynch: One Up on Wall Street, his late-1980s bestseller, and Beating the Street, which he published in 1993.