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When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.
Peter Lynch
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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Buying
Attractive
Bottom
Later
Went
Sure
Stocks
Find
Bought
Lower
More quotes by Peter Lynch
If you go to Minnesota in January, you should know that it's gonna be cold. You don't panic when the thermometer falls below zero.
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I talk to hundreds of companies a year and spend hour after hour in heady pow-wows with CEOs, financial analysts and my colleagues in the mutual-fund business, but I stumble onto the big winners in extracurricular situations, the same way you do.
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All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don't work out.
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In the long run, it's not just how much money you make that will determine your future prosperity. It's how much of that money you put to work by saving it and investing it.
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That's not to say there's no such thing as an overvalued market, but there's no point worrying about it.
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If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored.
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In our society, it's been the men who've handled most of the finances, and the women who've stood by and watched men botch things up.
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