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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

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I spend about fifteen minutes a year on economic analysis.
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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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There's lots of stocks out there and all you need is a few of 'em. That's been my philosophy.
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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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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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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'm always fully invested. It's a great feeling to be caught with your pants up.
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Long shots almost always miss the mark.
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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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Searching for companies is like looking for grubs under rocks: if you turn over 10 rocks you'll likely find one grub if you turn over 20 rocks you'll find two.
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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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Charts are great for predicting the past.
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Invest in businesses any idiot could run, because someday one will.
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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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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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If all the economists in the world were laid end to end, it wouldn't be a bad thing.
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Invest in what you know.
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Everyone has the brain power to make money in stocks. Not everyone has the stomach.
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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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