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

More quotes by Peter Lynch

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All the math you need in the stock market you get in the fourth grade.
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Just because you buy a stock and it goes up does not mean you are right. Just because you buy a stock and it goes down does not mean you are wrong.
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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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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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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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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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When you sell in desperation, you always sell cheap.
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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'm always fully invested. It's a great feeling to be caught with your pants up.
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Behind every stock is a company. Find out what it's doing.
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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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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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Invest in businesses any idiot could run, because someday one will.
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Everyone has the brain power to make money in stocks. Not everyone has the stomach.
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Never buy anything that you can't illustrate on the back of a napkin.
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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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If all the economists in the world were laid end to end, it wouldn't be a bad thing.
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I like to buy a company any fool can manage because eventually one will.
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Improved turnout will give parliament and government the appearance of being more legitimate.
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