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

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In stocks as in romance, ease of divorce is not a sound basis for commitment.
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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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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 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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If all the economists in the world were laid end to end, it wouldn't be a bad thing.
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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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Never buy anything that you can't illustrate on the back of a napkin.
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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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Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.
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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 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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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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Time is on your side when you own shares of superior companies.
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