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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.
Peter Lynch
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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Hundred
Typical
Fun
Caused
Biotech
Millions
Cash
Revenues
Share
Zero
Microscopes
High
Enterprise
Tech
Make
Investing
Shares
Selling
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Million
Revenue
More quotes by Peter Lynch
My method for picking stocks has never changed. When businesses go from crappy to semicrappy, there's money to be made.
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The best stock to buy is the one you already own.
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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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Invest in businesses any idiot could run, because someday one will.
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I've always been a great lover of baseball.
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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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When you sell in desperation, you always sell cheap.
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Improved turnout will give parliament and government the appearance of being more legitimate.
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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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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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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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I'm always fully invested. It's a great feeling to be caught with your pants up.
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Never buy anything that you can't illustrate on the back of a napkin.
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The real key to making money in stocks is not to get scared out of them.
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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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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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Searching for companies is like looking for grubs under rocks: if you turn over 10 rocks you'll likely find one grub if you turn over 20 rocks you'll find two.
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Your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed.
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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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Just because you buy a stock and it goes up does not mean you are right. Just because you buy a stock and it goes down does not mean you are wrong.
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