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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.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Money
Stock
Doe
Investing
Fundamentals
Shame
Worse
Losing
Hold
Deteriorating
Everybody
Shameful

More quotes by Peter Lynch

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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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If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes
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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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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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The typical big winner in the Lynch portfolio generally takes three to ten years to play out.
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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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Invest in businesses any idiot could run, because someday one will.
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The real key to making money in stocks is not to get scared out of them.
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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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An important key to investing is to remember that stocks are not lottery tickets.
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I've always said, the key organ here isn't the brain, it's the stomach. When things start to decline - there are bad headlines in the papers and on television - will you have the stomach for the market volatility and the broad-based pessimism that tends to come with it?
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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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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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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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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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In the long run, it's not just how much money you make that will determine your future prosperity. It's how much of that money you put to work by saving it and investing 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 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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Investing is fun and exciting, but dangerous if you don't do any work.
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When you sell in desperation, you always sell cheap.
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