I was reading a book entitled What Philosophy can Teach You About Being a Better Leader by Reynolds, Houlder, Goddard and Lewis and was pleasantly surprised that it turned out to be an above average read for investors.
The authors asked to resolve this paradox concerning two uber-investors Peter Lynch and Warren Buffett:
Lynch believes in hard work, but Buffett believes strongly that inactivity is much more intelligent behavior.Lynch was quite an opportunist but Buffett was famous for his self-restraint.Lynch makes thousands of decisions a year, Buffett only a few.Although I think Peter Lynch is bad influence to retail investors because he seems to trivialize stock picking and made it seem to easy in his books, I find myself drawn to his behavior. One thing I do is to invest first and investigate later. A stock that is favorable to analysts and gives a high dividend should be invested into first before...