Keep an eye on the competition from "summary" of Beating the Street by Peter Lynch
One of the most crucial aspects of successful investing is understanding the competitive landscape of the companies in which you are considering investing. By keeping a close watch on your competitors, you can gain valuable insights into the strengths and weaknesses of the companies you are interested in. Monitoring the competition allows you to identify potential threats to the company's market share, as well as opportunities for growth and expansion. By staying informed about what other companies are doing, you can better anticipate changes in the market and adjust your investment strategy according...
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