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The typical big winner in the Lynch portfolio generally takes three to ten years to play out.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Takes
Lynch
Bigs
Portfolio
Three
Portfolios
Play
Typical
Years
Winner
Investing
Generally
Ten

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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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If all the economists in the world were laid end to end, it wouldn't be a bad thing.
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The worst thing you can do is invest in companies you know nothing about. Unfortunately, buying stocks on ignorance is still a popular American pastime.
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Spend at least as much time researching a stock as you would choosing a refrigerator.
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You have to let the big ones make up for your mistakes.
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I don't go near the money and the money doesn't go near me.
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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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When you sell in desperation, you always sell cheap.
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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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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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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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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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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 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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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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Charts are great for predicting the past.
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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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Everyone has the brain power to make money in stocks. Not everyone has the stomach.
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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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Investing is fun and exciting, but dangerous if you don't do any work.
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