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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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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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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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The biggest winners are surprises to me, and takeovers are even more surprising. It takes years, not months, to produce big results.
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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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Time is on your side when you own shares of superior companies.
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Gentlemen who prefer bonds don't know what they're missing.
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You have to let the big ones make up for your mistakes.
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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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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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