Key Learnings From Section 3

Peter Lynch lists of a few things which one can take from the last section from the book:

The market has a high chance of declining sometime in the future.
The decline in markets offers a great opportunity to buy stocks in companies that one likes.
Even if one tries, they cannot predict the market direction over a year or two.
There are different risks and rewards for different categories of stocks.
One is capable of making a lot of money by compounding a series of 20–30 percent gains in stalwarts.
Just because a company is doing poorly doesn’t mean it can’t do worse.
Just because the price goes up doesn’t mean one is always right.
If a price goes down it doesn't always have to be that one is wrong.
One loses technique if they buy a company with mediocre prospects just because it is cheap.
Selling a fast grower which is outstanding just because it's stocks seem overpriced is a losing technique.
Fast growers don't stay the same way forever and companies don't grow without reason.
A stock doesn't know that one owns it.
One doesn't lose anything by not owning a successful stock
One can bet when it seems favourable.
There is always something to worry about.
An investor should not become attached to a winner in a way that one stops monitoring the story.
One should keep an open mind to new ideas.
If one isn't confident about beating the market then they should invest in mutual funds.