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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
Doe
Right
Mean
Stock
Investing
Goes
Wrong

More quotes by Peter Lynch

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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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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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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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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 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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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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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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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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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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The real key to making money in stocks is not to get scared out of them.
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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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Charts are great for predicting the past.
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Invest in businesses any idiot could run, because someday one will.
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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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Avoid hot stocks in hot industries.
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In business, competition is never as healthy as total domination.
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Never buy anything that you can't illustrate on the back of a napkin.
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You have to keep your priorities straight if you plan to do well in stocks.
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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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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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