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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
Keys
Remember
Important
Stocks
Lottery
Tickets
Investing

More quotes by Peter Lynch

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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.
Peter Lynch
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The real key to making money in stocks is not to get scared out of them.
Peter Lynch
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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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Gentlemen who prefer bonds don't know what they're missing.
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Spend at least as much time researching a stock as you would choosing a refrigerator.
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More money is lost anticipating the changes in the overall stock market than any other way of investing.
Peter Lynch
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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 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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You have to let the big ones make up for your mistakes.
Peter Lynch
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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.
Peter Lynch
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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.
Peter Lynch
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I don't go near the money and the money doesn't go near me.
Peter Lynch
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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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Charts are great for predicting the past.
Peter Lynch
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If all the economists in the world were laid end to end, it wouldn't be a bad thing.
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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There's lots of stocks out there and all you need is a few of 'em. That's been my philosophy.
Peter Lynch
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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.
Peter Lynch
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I like to buy a company any fool can manage because eventually one will.
Peter Lynch
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All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don't work out.
Peter Lynch