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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

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Able
Intelligent
Invest
Enough
Ought
Investors
Company
Investing
Simple
Bored
Language
Explain
Understand
Investment
Inspirational
Quickly
Grader
Money
Prepared
Fifth

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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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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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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.
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The best stock to buy is the one you already own.
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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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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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Your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed.
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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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Gentlemen who prefer bonds don't know what they're missing.
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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.
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Well, I think the secret is if you have a lot of stocks, some will do mediocre, some will do okay, and if one of two of 'em go up big time, you produce a fabulous result. And I think that's the promise to some people.
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Avoid hot stocks in hot industries.
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In business, competition is never as healthy as total domination.
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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.
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You can't see the future through a rearview mirror
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There's lots of stocks out there and all you need is a few of 'em. That's been my philosophy.
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All the math you need in the stock market you get in the fourth grade.
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The stock market really isn't a gamble, as long as you pick good companies that you think will do well, and not just because of the stock price.
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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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There's no shame in losing money on a stock. Everybody does it. What is shameful is to hold on to a stock, or worse, to buy more of it when the fundamentals are deteriorating.
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