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Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Management
Financial
Intelligent
Later
Investors
Probably
Sooner
Business
Idiot
Running
Investing
Going
Investment

More quotes by Peter Lynch

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In the long run, a portfolio of well chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market account. In the long run, a portfolio of poorly chosen stocks won't outperform the money left under the mattress.
Peter Lynch
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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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If you hope to have more money tomorrow than you have today, you've got to put a chunk of your assets into stocks. Sooner or later, a portfolio of stocks or stock mutual funds will turn out to be a lot more valuable than a portfolio of bonds or CDs or money-market funds.
Peter Lynch
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The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic.
Peter Lynch
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Gentlemen who prefer bonds don't know what they're missing.
Peter Lynch
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Time is on your side when you own shares of superior companies.
Peter Lynch
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My method for picking stocks has never changed. When businesses go from crappy to semicrappy, there's money to be made.
Peter Lynch
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The typical big winner in the Lynch portfolio generally takes three to ten years to play out.
Peter Lynch
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When you start to confuse Freddie Mac, Sallie Mae and Fannie Mae with members of your family, and you remember 2,000 stock symbols but forget the children's birthdays, there's a good chance you've become too wrapped up in your work.
Peter Lynch
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Improved turnout will give parliament and government the appearance of being more legitimate.
Peter Lynch
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If you're lucky enough to have been rewarded in life to the degree that I have, there comes a point at which you have to decide whether to become a slave to your net worth by devoting the rest of your life to increasing it or to let what you've accumulated begin to serve you.
Peter Lynch
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Invest in businesses any idiot could run, because someday one will.
Peter Lynch
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People who want to know how stocks fared on any given day ask, Where did the Dow close? I'm more interested in how many stocks went up versus how many went down. These so-called advance/decline numbers paint a more realistic picture.
Peter Lynch
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I've always been a great lover of baseball.
Peter Lynch
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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.
Peter Lynch
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In stocks as in romance, ease of divorce is not a sound basis for commitment.
Peter Lynch
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When you sell in desperation, you always sell cheap.
Peter Lynch
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You can't see the future through a rearview mirror
Peter Lynch
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As I look back on it now, it's obvious that studying history and philosophy was much better preparation for the stock market than, say, studying statistics.
Peter Lynch
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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.
Peter Lynch