Beating the Street: The Best-Selling Author of (One up on Wall Street) Shows You how to Pick Winning Stocks and Mutual Funds » (REVISED)

During Peter Lynch's thirteen successful years as manager of the Fidelity Magellan Fund, it was the top-ranked general equity mutual fund in the nation. One thousand dollars invested in Magellan in 1977 was worth $28,000 when he handed over the reins of Magellan on May 31, 1990.

Since his retirement from the Magellan Fund, Lynch continues as a member of the board of trustees of the Fidelity Group of funds and writes a column for Worth magazine. He lives with his wife, Carolyn, and three daughters in the suburbs of Boston and is the author of the investment classic, One Up on Wall Street.

Develop a Winning Investment Strategy -- with Expert Advice from "The Nation's #1 Money Manager"

Peter Lynch's "invest in what you know" strategy has made him a household name with investors both big and small.

An important key to investing, Lynch says, is to remember that stocks are not lottery tickets. There's a company behind every stock and a reason companies -- and their stocks -- perform the way they do. In this book, newly revised and updated for the paperback edition, Peter Lynch shows you how you can become an expert in a company and how you can build a profitable investment portfolio, based on your own experience and insights and on straightforward do-it-yourself research. There's no reason the individual investor can't match wits with the experts, and this book will show you how.

In Beating the Street, Lynch for the first time:

* Explains how to devise a mutual fund strategy

* Shows how he goes about picking stocks, step-by-step

* Describes how the individual investor can improve his or her investment performance to rival that of the experts of the investment clubs.

Preface 5
Preface to the Trade Paperback Edition 11
Introduction: Escape from Bondage 15
The Miracle of St. Agnes 23
The Weekend Worrier 36
A Tour of the Fund House 48
Managing Magellan: The Early Years 82
Magellan: The Middle Years 101
Magellan: The Later Years 116
Art, Science, and Legwork 140
Shopping for Stocks: The Retail Sector 150
Prospecting in Bad News: How the ``Collapse'' in Real Estate Led Me to Pier 1, Sunbelt Nursery, and General Host 160
My Close Shave at Supercuts 177
Blossoms in the Desert: Great Companies in Lousy Industries 182
It's a Wonderful Buy 194
A Closer Look at the S&Ls 205
Master Limited Partnerships: A Deal with a Yield 221
The Cyclicals: What Goes Around Comes Around 233
Nukes in Distress: CMS Energy 245
Uncle Sam's Garage Sale: Allied Capital II 256
My Fannie Mae Diary 263
Treasure in the Backyard: The Colonial Group of Mutual Funds 275
The Restaurant Stocks: Putting Your Money Where Your Mouth Is 279
The Six-Month Checkup 284
25 Golden Rules 305
Postscript 308
Index 323