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

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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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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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I spend about fifteen minutes a year on economic analysis.
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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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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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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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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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Suicide is a permanent solution to a temporary problem. Suicide is a choice and I think if we work with that with kids, we'll get somewhere.
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Spend at least as much time researching a stock as you would choosing a refrigerator.
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Never buy anything that you can't illustrate on the back of a napkin.
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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.
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You have to let the big ones make up for your mistakes.
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In business, competition is never as healthy as total domination.
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I like to buy a company any fool can manage because eventually one will.
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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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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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Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.
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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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When you sell in desperation, you always sell cheap.
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When management owns stock, then rewarding the shareholders becomes a first priority, whereas when management simply collects a paycheck, then increasing salaries becomes a first priority.
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