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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
Become
Stock
Remember
Symbols
Fannie
Children
Investing
Mae
Work
Members
Freddie
Good
Start
Birthdays
Chance
Macs
Forget
Confuse
Family
Wrapped

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I like to buy a company any fool can manage because eventually one will.
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In stocks as in romance, ease of divorce is not a sound basis for commitment.
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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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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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Time is on your side when you own shares of superior companies.
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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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The biggest winners are surprises to me, and takeovers are even more surprising. It takes years, not months, to produce big results.
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Well, I think the secret is if you have a lot of stocks, some will do mediocre, some will do okay, and if one of two of 'em go up big time, you produce a fabulous result. And I think that's the promise to some people.
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Invest in businesses any idiot could run, because someday one will.
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In business, competition is never as healthy as total domination.
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An important key to investing is to remember that stocks are not lottery tickets.
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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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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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Never buy anything that you can't illustrate on the back of a napkin.
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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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People who want to know how stocks fared on any given day ask, Where did the Dow close? I'm more interested in how many stocks went up versus how many went down. These so-called advance/decline numbers paint a more realistic picture.
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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 don't go near the money and the money doesn't go near me.
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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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