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

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Suicide is a permanent solution to a temporary problem. Suicide is a choice and I think if we work with that with kids, we'll get somewhere.
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It would be wonderful if we could avoid the setbacks with timely exits, but nobody has figured out how to predict them.
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A lot of people got in at the wrong time. A lot of people did very well and some people said, This is it. I'll never get back in again. And they maybe meant it, but they probably got back in again anyway.
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You have to keep your priorities straight if you plan to do well in stocks.
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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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Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.
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You can find good reasons to scuttle your equities in every morning paper and on every broadcast of the nightly news.
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Avoid hot stocks in hot industries.
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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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Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.
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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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In business, competition is never as healthy as total domination.
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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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Your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed.
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The best stock to buy is the one you already own.
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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.
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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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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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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 like to buy a company any fool can manage because eventually one will.
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