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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.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Everything
Stomach
Make
Mutual
Brainpower
Investing
Susceptible
Selling
Stocks
Avoid
Funds
Ought
Altogether
Everyone
Panic
Money
Fund

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You can't see the future through a rearview mirror
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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 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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All the math you need in the stock market you get in the fourth grade.
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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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You have to keep your priorities straight if you plan to do well in stocks.
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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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You have to let the big ones make up for your mistakes.
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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 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 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 don't know anyone who said on their deathbed: 'Gee, I wish I'd spent more time at the office.'
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Most investors would be better off in an index fund.
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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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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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I spend about fifteen minutes a year on economic analysis.
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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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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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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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In stocks as in romance, ease of divorce is not a sound basis for commitment.
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