The quotes of many great investors are often misused for a number of reasons. Peter Lynch is one of them. His most misused, and arguable misunderstood, quote is – Invest in what you know. Those five words are taken out of context all the time.
Lynch meant it as a starting point for the do it yourself investor. Too many people take it literally and miss out on Lynch’s real lesson – Know what you own.
To that end, I want to ask you two simple questions.
A Quick Test
Do you consider Greece to be a developed country? Does your international index fund agree? Continue Reading…