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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
Important
Stocks
Lottery
Tickets
Investing
Keys
Remember

More quotes by Peter Lynch

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Spend at least as much time researching a stock as you would choosing a refrigerator.
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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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A lot of people got in at the wrong time. A lot of people did very well and some people said, This is it. I'll never get back in again. And they maybe meant it, but they probably got back in again anyway.
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I like to buy a company any fool can manage because eventually one will.
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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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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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Investing is fun and exciting, but dangerous if you don't do any work.
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Everyone has the brain power to make money in stocks. Not everyone has the stomach.
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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.
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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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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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Never buy anything that you can't illustrate on the back of a napkin.
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The stock market really isn't a gamble, as long as you pick good companies that you think will do well, and not just because of the stock price.
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In business, competition is never as healthy as total domination.
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The real key to making money in stocks is not to get scared out of them.
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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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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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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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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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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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