Share
×
Inspirational Quotes
Authors
Professions
Topics
Tags
Quote
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.
Peter Lynch
Share
Change background
T
T
T
Change font
Original
TAGS & TOPICS
Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Stills
Buying
Still
Investing
Nothing
Popular
Thing
Companies
Ignorance
Pastime
Worst
Stocks
Company
Invest
American
Unfortunately
More quotes by Peter Lynch
My method for picking stocks has never changed. When businesses go from crappy to semicrappy, there's money to be made.
Peter Lynch
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.
Peter Lynch
I like to buy a company any fool can manage because eventually one will.
Peter Lynch
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.
Peter Lynch
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.'
Peter Lynch
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.
Peter Lynch
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.
Peter Lynch
You have to keep your priorities straight if you plan to do well in stocks.
Peter Lynch
You can find good reasons to scuttle your equities in every morning paper and on every broadcast of the nightly news.
Peter Lynch
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.
Peter Lynch
If you go to Minnesota in January, you should know that it's gonna be cold. You don't panic when the thermometer falls below zero.
Peter Lynch
I spend about fifteen minutes a year on economic analysis.
Peter Lynch
Invest in businesses any idiot could run, because someday one will.
Peter Lynch
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.
Peter Lynch
When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.
Peter Lynch
Investing is fun and exciting, but dangerous if you don't do any work.
Peter Lynch
Avoid hot stocks in hot industries.
Peter Lynch
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.
Peter Lynch
The basic story remains simple and never-ending. Stocks aren't lottery tickets. There's a company attached to every share.
Peter Lynch
In business, competition is never as healthy as total domination.
Peter Lynch