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As I look back on it now, it's obvious that studying history and philosophy was much better preparation for the stock market than, say, studying statistics.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Much
Market
Philosophy
Study
Studying
History
Statistics
Back
Stock
Better
Preparation
Look
Investing
Looks
Obvious

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I spend about fifteen minutes a year on economic analysis.
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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 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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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 have the stomach for stocks, but neither the time nor the inclination to do the homework, invest in equity mutual funds.
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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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The stock market really isn't a gamble, as long as you pick good companies that you think will do well, and not just because of the stock price.
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Never buy anything that you can't illustrate on the back of a napkin.
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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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Most investors would be better off in an index fund.
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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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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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I've always been a great lover of baseball.
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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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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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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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A lot of people got in at the wrong time. A lot of people did very well and some people said, This is it. I'll never get back in again. And they maybe meant it, but they probably got back in again anyway.
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Improved turnout will give parliament and government the appearance of being more legitimate.
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