Peter Lynch Principle #21

Whatever the Queen is selling, buy it.

When governments in democratic countries privatise public companies, they nearly always offer such attractive terms that shareholders are almost guaranteed to make great profits. All over the world, in Britain, Mexico, France, Greece, Chile, Hong Kong and even America (not as many in USA as you'd expect, all of their great companies are already private), IPOs of major public corporations almost always pay off. Often these stocks are offered at well below book value, and with attractive instalment payment plans. As we all know all about Telstra 1, I suppose I don't need to elaborate do I?