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When you start to confuse Freddie Mac, Sallie Mae and Fannie Mae with members of your family, and you remember 2,000 stock symbols but forget the children's birthdays, there's a good chance you've become too wrapped up in your work.
Peter Lynch
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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Forget
Confuse
Family
Wrapped
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Stock
Remember
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Fannie
Children
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Mae
Work
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Freddie
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Birthdays
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Macs
More quotes by Peter Lynch
Avoid hot stocks in hot industries.
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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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It would be wonderful if we could avoid the setbacks with timely exits, but nobody has figured out how to predict them.
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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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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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I'm always fully invested. It's a great feeling to be caught with your pants up.
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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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Everyone has the brainpower to make money in stocks. Not everyone has the stomach. If you are susceptible to selling everything in a panic, you ought to avoid stocks and mutual funds altogether.
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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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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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I don't go near the money and the money doesn't go near me.
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An important key to investing is to remember that stocks are not lottery tickets.
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A lot of people got in at the wrong time. A lot of people did very well and some people said, This is it. I'll never get back in again. And they maybe meant it, but they probably got back in again anyway.
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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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In business, competition is never as healthy as total domination.
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If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes
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In the long run, a portfolio of well chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market account. In the long run, a portfolio of poorly chosen stocks won't outperform the money left under the mattress.
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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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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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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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