About the Author: Joel Tillinghast is a protégé of Peter Lynch who has managed Fidelity Low-Priced Stock Fund since 1989. Today, the fund manages over US$40 billion and owns over 900 counters. Despite its massive size, the fund that has outperformed both the S&P500 and Russell 2000 by an average of 4 percentage points per year. About the Book: From companies to avoid to stock selection, Tillinghast discusses all his investing philosophies in his book "Big Money Thinks Small". Published in 2017, the book provides both recent examples that younger investors can identify with, as well as the classic long horizon illustrations that value investors look towards. I highly recommend this book to all intermediate investors. Here are my 5 learning points: 1) Trade less Tilinghast cites an interesting study done on Morningstar-listed active equity funds with more than $0.5 billion in assets - the higher the turnover, the ......