Trading volumes at online brokers have skyrocketed since the Coronavirus crisis began. If there is one lesson these newly minted traders have learned so far, it is that the market does nothing but go up. But more seasoned investors know that the market, and these traders, will eventually fall upon tough times. In this episode, we discuss some investing lessons that these new traders could learn from legendary investor Peter Lynch.
- The importance of understanding the businesses behind stocks you invest in;
- How to distinguish luck from skill;
- Why investors should avoid “Cutting Their Flowers and Watering Their Weeds”;
- Why making mistakes early in your investing career can be a good thing.
We hope you enjoy the discussion.