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The basic story remains simple and never-ending. Stocks aren't lottery tickets. There's a company attached to every share.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Simple
Ending
Stories
Investing
Every
Basic
Never
Remains
Aren
Stocks
Share
Lottery
Company
Tickets
Story
Attached

More quotes by Peter Lynch

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Investing is fun and exciting, but dangerous if you don't do any work.
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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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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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Avoid hot stocks in hot industries.
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I spend about fifteen minutes a year on economic analysis.
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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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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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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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If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored.
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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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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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Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.
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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.
Peter Lynch
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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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My method for picking stocks has never changed. When businesses go from crappy to semicrappy, there's money to be made.
Peter Lynch
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An important key to investing is to remember that stocks are not lottery tickets.
Peter Lynch
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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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Charts are great for predicting the past.
Peter Lynch
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You can't see the future through a rearview mirror
Peter Lynch
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The typical big winner in the Lynch portfolio generally takes three to ten years to play out.
Peter Lynch