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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.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Mean
Stock
Investing
Goes
Wrong
Doe
Right

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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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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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If all the economists in the world were laid end to end, it wouldn't be a bad thing.
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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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You can't see the future through a rearview mirror
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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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All the math you need in the stock market you get in the fourth grade.
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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've always been a great lover of baseball.
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Behind every stock is a company. Find out what it's doing.
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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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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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More money is lost anticipating the changes in the overall stock market than any other way of investing.
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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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When you sell in desperation, you always sell cheap.
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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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Invest in what you know.
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I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'
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The best stock to buy is the one you already own.
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Well, I think the secret is if you have a lot of stocks, some will do mediocre, some will do okay, and if one of two of 'em go up big time, you produce a fabulous result. And I think that's the promise to some people.
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