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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
Better
Preparation
Look
Investing
Looks
Obvious
Much
Market
Philosophy
Study
Studying
History
Statistics
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Time is on your side when you own shares of superior companies.
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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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The real key to making money in stocks is not to get scared out of them.
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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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You have to let the big ones make up for your mistakes.
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I spend about fifteen minutes a year on economic analysis.
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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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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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You only need a few good stocks in your lifetime. I mean how many times do you need a stock to go up ten-fold to make a lot of money? Not a lot.
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Everyone has the brainpower to make money in stocks. Not everyone has the stomach. If you are susceptible to selling everything in a panic, you ought to avoid stocks and mutual funds altogether.
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