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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
Ought
Altogether
Everyone
Panic
Money
Fund
Everything
Stomach
Make
Mutual
Brainpower
Investing
Susceptible
Selling
Stocks
Avoid
Funds

More quotes by Peter Lynch

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An important key to investing is to remember that stocks are not lottery tickets.
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In the long run, a portfolio of well chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market account. In the long run, a portfolio of poorly chosen stocks won't outperform the money left under the mattress.
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When you start to confuse Freddie Mac, Sallie Mae and Fannie Mae with members of your family, and you remember 2,000 stock symbols but forget the children's birthdays, there's a good chance you've become too wrapped up in your work.
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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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The typical big winner in the Lynch portfolio generally takes three to ten years to play 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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Investing is fun and exciting, but dangerous if you don't do any work.
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Improved turnout will give parliament and government the appearance of being more legitimate.
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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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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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Everyone has the brain power to make money in stocks. Not everyone has the stomach.
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The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic.
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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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Long shots almost always miss the mark.
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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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I spend about fifteen minutes a year on economic analysis.
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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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Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it.
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Charts are great for predicting the past.
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Invest in businesses any idiot could run, because someday one will.
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