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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
Aversion
Million
Revenue

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In stocks as in romance, ease of divorce is not a sound basis for commitment.
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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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I like to buy a company any fool can manage because eventually one will.
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Invest in what you know.
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Everyone has the brain power to make money in stocks. Not everyone has the stomach.
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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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The typical big winner in the Lynch portfolio generally takes three to ten years to play out.
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The best stock to buy is the one you already own.
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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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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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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 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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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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When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.
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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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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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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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If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes
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