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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
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Better
Preparation
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Investing
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Philosophy
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Studying
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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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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.
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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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Time is on your side when you own shares of superior companies.
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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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The typical big winner in the Lynch portfolio generally takes three to ten years to play out.
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Investing is fun and exciting, but dangerous if you don't do any work.
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All the math you need in the stock market you get in the fourth grade.
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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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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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I don't go near the money and the money doesn't go near me.
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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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I like to buy a company any fool can manage because eventually one will.
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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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I'm always fully invested. It's a great feeling to be caught with your pants up.
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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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Everyone has the brain power to make money in stocks. Not everyone has the stomach.
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My method for picking stocks has never changed. When businesses go from crappy to semicrappy, there's money to be made.
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In stocks as in romance, ease of divorce is not a sound basis for commitment.
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