Quote

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.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Simply
Rewarding
Firsts
Priority
First
Increasing
Stock
Collects
Whereas
Salaries
Priorities
Shareholders
Management
Owns
Becomes
Salary

More quotes by Peter Lynch

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If you hope to have more money tomorrow than you have today, you've got to put a chunk of your assets into stocks. Sooner or later, a portfolio of stocks or stock mutual funds will turn out to be a lot more valuable than a portfolio of bonds or CDs or money-market funds.
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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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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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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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If all the economists in the world were laid end to end, it wouldn't be a bad thing.
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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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Investing is fun and exciting, but dangerous if you don't do any work.
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I've always been a great lover of baseball.
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Spend at least as much time researching a stock as you would choosing a refrigerator.
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Never buy anything that you can't illustrate on the back of a napkin.
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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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When you sell in desperation, you always sell cheap.
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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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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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If you go to Minnesota in January, you should know that it's gonna be cold. You don't panic when the thermometer falls below zero.
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The best stock to buy is the one you already own.
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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 long run, a portfolio of well chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market account. In the long run, a portfolio of poorly chosen stocks won't outperform the money left under the mattress.
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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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