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If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Management
Market
Spend
Minutes
Risk
Economic
Forecasts
Analyzing
Wasted

More quotes by Peter Lynch

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Never buy anything that you can't illustrate on the back of a napkin.
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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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When you sell in desperation, you always sell cheap.
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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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Most investors would be better off in an index fund.
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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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You have to keep your priorities straight if you plan to do well in stocks.
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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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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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My method for picking stocks has never changed. When businesses go from crappy to semicrappy, there's money to be made.
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Investing is fun and exciting, but dangerous if you don't do any work.
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Long shots almost always miss the mark.
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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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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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The real key to making money in stocks is not to get scared out of them.
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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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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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In the summer of 1990, I was buying stocks and I was probably three or four months early there. But we had a great rally in 1991.
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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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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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