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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
Thing
Companies
Ignorance
Pastime
Worst
Stocks
Company
Invest
American
Unfortunately
Stills
Buying
Still
Investing
Nothing
Popular

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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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Investing is fun and exciting, but dangerous if you don't do any work.
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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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The best stock to buy is the one you already own.
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My high-tech aversion caused me to make fun of the typical biotech enterprise: $100 million in cash from selling shares, one hundred Ph.D.'s, 99 microscopes, and zero revenues.
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Never buy anything that you can't illustrate on the back of a napkin.
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Long shots almost always miss the mark.
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You have to let the big ones make up for your mistakes.
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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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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.
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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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Spend at least as much time researching a stock as you would choosing a refrigerator.
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If you hope to have more money tomorrow than you have today, you've got to put a chunk of your assets into stocks. Sooner or later, a portfolio of stocks or stock mutual funds will turn out to be a lot more valuable than a portfolio of bonds or CDs or money-market funds.
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In stocks as in romance, ease of divorce is not a sound basis for commitment.
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