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I like to buy a company any fool can manage because eventually one will.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Like
Eventually
Manage
Fool
Company

More quotes by 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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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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If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes
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Long shots almost always miss the mark.
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If all the economists in the world were laid end to end, it wouldn't be a bad thing.
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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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The biggest winners are surprises to me, and takeovers are even more surprising. It takes years, not months, to produce big results.
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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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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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Most investors would be better off in an index fund.
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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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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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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Gentlemen who prefer bonds don't know what they're missing.
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The real key to making money in stocks is not to get scared out of them.
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Spend at least as much time researching a stock as you would choosing a refrigerator.
Peter Lynch
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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?
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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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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You have to let the big ones make up for your mistakes.
Peter Lynch