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Spend at least as much time researching a stock as you would choosing a refrigerator.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Finance
Stock
Investing
Spend
Least
Researching
Much
Refrigerator
Would
Refrigerators
Time
Choosing

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You have to keep your priorities straight if you plan to do well in stocks.
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Long shots almost always miss the mark.
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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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In stocks as in romance, ease of divorce is not a sound basis for commitment.
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If you have the stomach for stocks, but neither the time nor the inclination to do the homework, invest in equity mutual funds.
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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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Everyone has the brain power to make money in stocks. Not everyone has the stomach.
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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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All the math you need in the stock market you get in the fourth grade.
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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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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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My high-tech aversion caused me to make fun of the typical biotech enterprise: $100 million in cash from selling shares, one hundred Ph.D.'s, 99 microscopes, and zero revenues.
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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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The real key to making money in stocks is not to get scared out of them.
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Everyone has the brainpower to make money in stocks. Not everyone has the stomach. If you are susceptible to selling everything in a panic, you ought to avoid stocks and mutual funds altogether.
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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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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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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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Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.
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Avoid hot stocks in hot industries.
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