Start now with your Free Trial Issue of Money. He is also, like much of the Boston Irish establishment of which he is now a leader, a graduate of Boston College, a Jesuit school where they still teach classical stuff like logic, rhetoric and metaphysics. Hard work and pulling yourself up by your bookstraps is the ethos.
Good companies make good stocks, no matter what the rest of the market is doing.
McDonald's has had great earnings. In fact, Peter Lynch is not altogether happy with Joe and Jane Retail Investor. You buy companies you don't understand, throw your money too late into hot sectors, and even when you do grab a winner you're likely to sell too soon. That is a huge mistake. You're going to get the same result you'd get at a casino, except there's going to be more paperwork.