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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
Right
Mean
Stock
Investing
Goes
Wrong
Doe

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In business, competition is never as healthy as total domination.
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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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Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it.
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Spend at least as much time researching a stock as you would choosing a refrigerator.
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An important key to investing is to remember that stocks are not lottery tickets.
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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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Most investors would be better off in an index fund.
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The typical big winner in the Lynch portfolio generally takes three to ten years to play out.
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In the summer of 1990, I was buying stocks and I was probably three or four months early there. But we had a great rally in 1991.
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Long shots almost always miss the mark.
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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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The best stock to buy is the one you already own.
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All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don't work out.
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In the long run, it's not just how much money you make that will determine your future prosperity. It's how much of that money you put to work by saving it and investing it.
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When you sell in desperation, you always sell cheap.
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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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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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Never buy anything that you can't illustrate on the back of a napkin.
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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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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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