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Never buy anything that you can't illustrate on the back of a napkin.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Napkin
Napkins
Illustrate
Anything
Back
Never

More quotes by Peter Lynch

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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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The typical big winner in the Lynch portfolio generally takes three to ten years to play out.
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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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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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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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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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Improved turnout will give parliament and government the appearance of being more legitimate.
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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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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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If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes
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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.
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An important key to investing is to remember that stocks are not lottery tickets.
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Charts are great for predicting the past.
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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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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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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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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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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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When you start to confuse Freddie Mac, Sallie Mae and Fannie Mae with members of your family, and you remember 2,000 stock symbols but forget the children's birthdays, there's a good chance you've become too wrapped up in your work.
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Behind every stock is a company. Find out what it's doing.
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