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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.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Worst
Stocks
Company
Invest
American
Unfortunately
Stills
Buying
Still
Investing
Nothing
Popular
Thing
Companies
Ignorance
Pastime

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All the math you need in the stock market you get in the fourth grade.
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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.
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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.
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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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If all the economists in the world were laid end to end, it wouldn't be a bad thing.
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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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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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Never buy anything that you can't illustrate on the back of a napkin.
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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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You can find good reasons to scuttle your equities in every morning paper and on every broadcast of the nightly news.
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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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Avoid hot stocks in hot industries.
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Behind every stock is a company. Find out what it's doing.
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The real key to making money in stocks is not to get scared out of them.
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Invest in businesses any idiot could run, because someday one will.
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Your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed.
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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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An important key to investing is to remember that stocks are not lottery tickets.
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Most investors would be better off in an index fund.
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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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