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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
Economic
Forecasts
Analyzing
Wasted
Management
Market
Spend
Minutes
Risk

More quotes by Peter Lynch

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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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Most investors would be better off in an index fund.
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Improved turnout will give parliament and government the appearance of being more legitimate.
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Invest in what you know.
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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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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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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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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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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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The basic story remains simple and never-ending. Stocks aren't lottery tickets. There's a company attached to every share.
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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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Charts are great for predicting the past.
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What makes stocks valuable in the long run isn't the market. It's the profitability of the shares in the companies you own. As corporate profits increase, corporations become more valuable and sooner or later, their shares will sell for a higher price.
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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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More money is lost anticipating the changes in the overall stock market than any other way of investing.
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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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When you sell in desperation, you always sell cheap.
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I've always been a great lover of baseball.
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I'm always fully invested. It's a great feeling to be caught with your pants up.
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