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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

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I spend about fifteen minutes a year on economic analysis.
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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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If all the economists in the world were laid end to end, it wouldn't be a bad thing.
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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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Suicide is a permanent solution to a temporary problem. Suicide is a choice and I think if we work with that with kids, we'll get somewhere.
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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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Gentlemen who prefer bonds don't know what they're missing.
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It would be wonderful if we could avoid the setbacks with timely exits, but nobody has figured out how to predict them.
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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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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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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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Charts are great for predicting the past.
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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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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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Long shots almost always miss the mark.
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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 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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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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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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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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