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An important key to investing is to remember that stocks are not lottery tickets.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Investing
Keys
Remember
Important
Stocks
Lottery
Tickets

More quotes by Peter Lynch

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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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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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Long shots almost always miss the mark.
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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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Charts are great for predicting the past.
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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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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 don't know anyone who said on their deathbed: 'Gee, I wish I'd spent more time at the office.'
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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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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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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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I don't go near the money and the money doesn't go near me.
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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.
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I've always said, the key organ here isn't the brain, it's the stomach. When things start to decline - there are bad headlines in the papers and on television - will you have the stomach for the market volatility and the broad-based pessimism that tends to come with it?
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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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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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Your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed.
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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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Improved turnout will give parliament and government the appearance of being more legitimate.
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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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