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

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In the long run, it's not just how much money you make that will determine your future prosperity. It's how much of that money you put to work by saving it and investing it.
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You have to let the big ones make up for your mistakes.
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I've always been a great lover of baseball.
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I don't go near the money and the money doesn't go near me.
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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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If you have the stomach for stocks, but neither the time nor the inclination to do the homework, invest in equity mutual funds.
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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.
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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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In the summer of 1990, I was buying stocks and I was probably three or four months early there. But we had a great rally in 1991.
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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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Most investors would be better off in an index fund.
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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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I spend about fifteen minutes a year on economic analysis.
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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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In our society, it's been the men who've handled most of the finances, and the women who've stood by and watched men botch things up.
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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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I don't know anyone who said on their deathbed: 'Gee, I wish I'd spent more time at the office.'
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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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