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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
Goes
Wrong
Doe
Right
Mean
Stock
Investing

More quotes by Peter Lynch

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People who want to know how stocks fared on any given day ask, Where did the Dow close? I'm more interested in how many stocks went up versus how many went down. These so-called advance/decline numbers paint a more realistic picture.
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Improved turnout will give parliament and government the appearance of being more legitimate.
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The best stock to buy is the one you already own.
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Invest in businesses any idiot could run, because someday one will.
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You have to keep your priorities straight if you plan to do well in stocks.
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The stock market really isn't a gamble, as long as you pick good companies that you think will do well, and not just because of the stock price.
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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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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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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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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 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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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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In stocks as in romance, ease of divorce is not a sound basis for commitment.
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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 the math you need in the stock market you get in the fourth grade.
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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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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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You can find good reasons to scuttle your equities in every morning paper and on every broadcast of the nightly news.
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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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