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Searching for companies is like looking for grubs under rocks: if you turn over 10 rocks you'll likely find one grub if you turn over 20 rocks you'll find two.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Two
Investing
Find
Companies
Like
Likely
Rocks
Turn
Company
Grubs
Looking
Grub
Turns
Searching

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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.
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You have to let the big ones make up for your mistakes.
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If you can't find any companies that you think are attractive, put your money in the bank until you discover some.
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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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Long shots almost always miss the mark.
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The biggest winners are surprises to me, and takeovers are even more surprising. It takes years, not months, to produce big results.
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If all the economists in the world were laid end to end, it wouldn't be a bad thing.
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If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes
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You can't see the future through a rearview mirror
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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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Everyone has the brain power to make money in stocks. Not everyone has the stomach.
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Suicide is a permanent solution to a temporary problem. Suicide is a choice and I think if we work with that with kids, we'll get somewhere.
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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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When you sell in desperation, you always sell cheap.
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Invest in businesses any idiot could run, because someday one will.
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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.
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It would be wonderful if we could avoid the setbacks with timely exits, but nobody has figured out how to predict them.
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An important key to investing is to remember that stocks are not lottery tickets.
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If you have the stomach for stocks, but neither the time nor the inclination to do the homework, invest in equity mutual funds.
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Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.
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