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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
Million
Revenue
Hundred
Typical
Fun
Caused
Biotech
Millions
Cash
Revenues
Share
Zero
Microscopes
High
Enterprise
Tech
Make
Investing
Shares
Selling
Aversion

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Never buy anything that you can't illustrate on the back of a napkin.
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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.
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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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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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I don't know anyone who said on their deathbed: 'Gee, I wish I'd spent more time at the office.'
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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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You have to let the big ones make up for your mistakes.
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The best stock to buy is the one you already own.
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All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don't work out.
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If you go to Minnesota in January, you should know that it's gonna be cold. You don't panic when the thermometer falls below zero.
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You have to keep your priorities straight if you plan to do well in stocks.
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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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What makes stocks valuable in the long run isn't the market. It's the profitability of the shares in the companies you own. As corporate profits increase, corporations become more valuable and sooner or later, their shares will sell for a higher price.
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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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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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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 typical big winner in the Lynch portfolio generally takes three to ten years to play out.
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I don't go near the money and the money doesn't go near me.
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Avoid hot stocks in hot industries.
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Charts are great for predicting the past.
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