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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.
Peter Lynch
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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
People
Interested
Stocks
Close
Versus
Numbers
Decline
Went
Advance
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Realistic
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Investing
Given
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Fared
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I'm always fully invested. It's a great feeling to be caught with your pants up.
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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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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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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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If all the economists in the world were laid end to end, it wouldn't be a bad thing.
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When you sell in desperation, you always sell cheap.
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Long shots almost always miss the mark.
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