Quote

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

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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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My high-tech aversion caused me to make fun of the typical biotech enterprise: $100 million in cash from selling shares, one hundred Ph.D.'s, 99 microscopes, and zero revenues.
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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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That's not to say there's no such thing as an overvalued market, but there's no point worrying about it.
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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 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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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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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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More money is lost anticipating the changes in the overall stock market than any other way of investing.
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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'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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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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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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Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.
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Long shots almost always miss the mark.
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When you sell in desperation, you always sell cheap.
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If all the economists in the world were laid end to end, it wouldn't be a bad thing.
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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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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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