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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
Stock
Investing
Goes
Wrong
Doe
Right
Mean

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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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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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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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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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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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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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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Most investors would be better off in an index fund.
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I don't go near the money and the money doesn't go near me.
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My method for picking stocks has never changed. When businesses go from crappy to semicrappy, there's money to be made.
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You have to let the big ones make up for your mistakes.
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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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Never buy anything that you can't illustrate on the back of a napkin.
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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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Improved turnout will give parliament and government the appearance of being more legitimate.
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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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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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I'm always fully invested. It's a great feeling to be caught with your pants up.
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In business, competition is never as healthy as total domination.
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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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