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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
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the United States of America
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Macs
Forget
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More quotes by Peter Lynch
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'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 follow the stock market. If you made it through fifth-grade math, you can do it.
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I don't go near the money and the money doesn't go near me.
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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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If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes
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My method for picking stocks has never changed. When businesses go from crappy to semicrappy, there's money to be made.
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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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Behind every stock is a company. Find out what it's doing.
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You can't see the future through a rearview mirror
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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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Everyone has the brain power to make money in stocks. Not everyone has the stomach.
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Gentlemen who prefer bonds don't know what they're missing.
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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 don't know anyone who said on their deathbed: 'Gee, I wish I'd spent more time at the office.'
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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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Charts are great for predicting the past.
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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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I spend about fifteen minutes a year on economic analysis.
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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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