{"id":3943,"date":"2023-04-26T20:03:58","date_gmt":"2023-04-26T20:03:58","guid":{"rendered":"https:\/\/sikaoer.com\/legendary-investor-peter-lynch-takes-a-side\/"},"modified":"2023-04-26T20:03:58","modified_gmt":"2023-04-26T20:03:58","slug":"legendary-investor-peter-lynch-takes-a-side","status":"publish","type":"post","link":"https:\/\/sikaoer.com\/legendary-investor-peter-lynch-takes-a-side\/","title":{"rendered":"legendary investor Peter Lynch takes a side"},"content":{"rendered":"
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Bitcoin has massively outperformed equities since the start of this year but legendary investor Peter Lynch continues to prefer the latter.<\/p>\n
On Tuesday, the Vice Chairman of Fidelity Management & Research confirmed that he\u2019s not exposed to cryptocurrencies.<\/p>\n
Interestingly, Lynch is familiar with the technology that powers the crypto space. Still, he said today on CNBC\u2019s \u201cSquawk Box\u201d:<\/p>\n
\nI do understand blockchain. I know how it works. But what bitcoin is going to be, I have no idea. I don\u2019t own any bitcoin or ether coin.<\/p>\n<\/blockquote>\n
Lynch is keeping away from BTC even though he knows the total supply of it will be cut in half next year \u2013 an event that usually translates to higher price.<\/p>\n
Lynch is sticking to \u2018buy what you know\u2019<\/h2>\n
Bitcoin has now slipped back to the $27,000 level but is still keeping above a key support suggesting the bullish sentiment is still there.<\/p>\n
But for years, Fidelity\u2019s Peter Lynch has recommended that investors \u201cbuy what they know\u201d \u2013 and to him, that means stocks. Explaining how to pick stocks and when to pull out of them, he said:<\/p>\n
\nLook at the company, the balance sheet. What\u2019s the reason stock should be higher? When companies go from crappy to semi-crappy to good, stock goes up. When business gets terrific, get out.<\/p>\n<\/blockquote>\n
Lynch expressed regret today for not investing in a number of large-cap tech companies in recent years, particularly Apple Inc and Nvidia Corporation.<\/p>\n