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The best stock to buy is the one you already own.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Stock
Investing
Already
Best

More quotes by Peter Lynch

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In stocks as in romance, ease of divorce is not a sound basis for commitment.
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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.
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You can find good reasons to scuttle your equities in every morning paper and on every broadcast of the nightly news.
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I don't know anyone who said on their deathbed: 'Gee, I wish I'd spent more time at the office.'
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Time is on your side when you own shares of superior companies.
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When management owns stock, then rewarding the shareholders becomes a first priority, whereas when management simply collects a paycheck, then increasing salaries becomes a first priority.
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Behind every stock is a company. Find out what it's doing.
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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.
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I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'
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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.
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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.
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The worst thing you can do is invest in companies you know nothing about. Unfortunately, buying stocks on ignorance is still a popular American pastime.
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You have to let the big ones make up for your mistakes.
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A lot of people got in at the wrong time. A lot of people did very well and some people said, This is it. I'll never get back in again. And they maybe meant it, but they probably got back in again anyway.
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Just because you buy a stock and it goes up does not mean you are right. Just because you buy a stock and it goes down does not mean you are wrong.
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Avoid hot stocks in hot industries.
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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.
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You have to keep your priorities straight if you plan to do well in stocks.
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Long shots almost always miss the mark.
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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