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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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All the math you need in the stock market you get in the fourth grade.
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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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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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I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'
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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.
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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.
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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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In business, competition is never as healthy as total domination.
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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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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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My method for picking stocks has never changed. When businesses go from crappy to semicrappy, there's money to be made.
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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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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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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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Time is on your side when you own shares of superior companies.
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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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You have to let the big ones make up for your mistakes.
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Gentlemen who prefer bonds don't know what they're missing.
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You can't see the future through a rearview mirror
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In stocks as in romance, ease of divorce is not a sound basis for commitment.
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