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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.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Thinking
Investing
Attractive
Companies
Discover
Company
Money
Find
Think
Bank

More quotes by Peter Lynch

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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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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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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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All the math you need in the stock market you get in the fourth grade.
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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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Just because you buy a stock and it goes up does not mean you are right. Just because you buy a stock and it goes down does not mean you are wrong.
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An important key to investing is to remember that stocks are not lottery tickets.
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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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In business, competition is never as healthy as total domination.
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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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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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Never buy anything that you can't illustrate on the back of a napkin.
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Everyone has the brain power to make money in stocks. Not everyone has the stomach.
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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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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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When you sell in desperation, you always sell cheap.
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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 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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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.
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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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