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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
Worse
Losing
Hold
Deteriorating
Everybody
Shameful
Money
Stock
Doe
Investing
Fundamentals
Shame

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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I don't go near the money and the money doesn't go near me.
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Improved turnout will give parliament and government the appearance of being more legitimate.
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You only need a few good stocks in your lifetime. I mean how many times do you need a stock to go up ten-fold to make a lot of money? Not a lot.
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When you sell in desperation, you always sell cheap.
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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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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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Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it.
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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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I like to buy a company any fool can manage because eventually one will.
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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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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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Avoid hot stocks in hot industries.
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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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An important key to investing is to remember that stocks are not lottery tickets.
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Never buy anything that you can't illustrate on the back of a napkin.
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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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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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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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