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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

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Investing is fun and exciting, but dangerous if you don't do any work.
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I like to buy a company any fool can manage because eventually one will.
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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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I've always said, the key organ here isn't the brain, it's the stomach. When things start to decline - there are bad headlines in the papers and on television - will you have the stomach for the market volatility and the broad-based pessimism that tends to come with it?
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Spend at least as much time researching a stock as you would choosing a refrigerator.
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In business, competition is never as healthy as total domination.
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Behind every stock is a company. Find out what it's doing.
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If you go to Minnesota in January, you should know that it's gonna be cold. You don't panic when the thermometer falls below zero.
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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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I don't go near the money and the money doesn't go near me.
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Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.
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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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If all the economists in the world were laid end to end, it wouldn't be a bad thing.
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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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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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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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I spend about fifteen minutes a year on economic analysis.
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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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When you sell in desperation, you always sell cheap.
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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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