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You can't see the future through a rearview mirror

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Mirror
Mirrors
Future

More quotes by Peter Lynch

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I spend about fifteen minutes a year on economic analysis.
Peter Lynch
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Long shots almost always miss the mark.
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.
Peter Lynch
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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.
Peter Lynch
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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.
Peter Lynch
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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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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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If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored.
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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.
Peter Lynch
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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.
Peter Lynch
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Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.
Peter Lynch
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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.
Peter Lynch
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The typical big winner in the Lynch portfolio generally takes three to ten years to play out.
Peter Lynch
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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.
Peter Lynch
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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.
Peter Lynch
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An important key to investing is to remember that stocks are not lottery tickets.
Peter Lynch
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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.
Peter Lynch
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Everyone has the brain power to make money in stocks. Not everyone has the stomach.
Peter Lynch
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Invest in businesses any idiot could run, because someday one will.
Peter Lynch
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Spend at least as much time researching a stock as you would choosing a refrigerator.
Peter Lynch