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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.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Thing
Overvalued
Worrying
Investing
Market
Worry
Point

More quotes by Peter Lynch

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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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Never buy anything that you can't illustrate on the back of a napkin.
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Everyone has the brain power to make money in stocks. Not everyone has the stomach.
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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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Time is on your side when you own shares of superior companies.
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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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Long shots almost always miss the mark.
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I talk to hundreds of companies a year and spend hour after hour in heady pow-wows with CEOs, financial analysts and my colleagues in the mutual-fund business, but I stumble onto the big winners in extracurricular situations, the same way you do.
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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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I spend about fifteen minutes a year on economic analysis.
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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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The basic story remains simple and never-ending. Stocks aren't lottery tickets. There's a company attached to every share.
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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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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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Invest in what you know.
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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.
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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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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 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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