Beating the Street

Beating the Street examines famed money manager Peter Lynch's common sense approach to the stock market and individual securities analysis. His investment principles, which he refers to as "Peter's Principles," are introduced in this audio edition with a brief, self-mocking fanfare. By acknowledging its audio audience and addressing itself directly to it, this tape is more of an adaptation of the original text than a faithful reading (though the book itself is an adaptation of earlier public remarks made by Lynch). While his passion sometimes impedes his articulation, Lynch's narration is always personable and engaging. For both layman and expert, he provides clear insights into the seemingly complex task of making money in the stock market. R.W.B. (c)AudioFile, Portland, Maine

March 1, 1993
Until retiring in 1990, Lynch ( One Up on Wall Street ) was manager of the spectacularly successful Fidelity Magellan Fund. Here he recalls with self-deprecating humor and disarming candor how he went about choosing winning stocks (and missing a few) for the $12 billion fund, which, during one five-year period in the 1980s, earned investors a 300% return. Lynch strongly favors stocks over other investment vehicles but insists that ``investigative'' research into a corporation's prospects, including credit checks and visits to the firm's installations, is essential. ``Focus on companies, not the stocks,'' he stresses, adding that on this basis limited partnerships, banks and even S & Ls can be sound investments. Lynch's reputation and business writer Rothchild's deft touch should yield big sales for this inside story. Major ad/promo; first serial to Money magazine; BOMC and Fortune Book Club alternates; author tour.