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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
Illustrate
Anything
Back
Never
Napkin
Napkins

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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All the math you need in the stock market you get in the fourth grade.
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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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Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.
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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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There's lots of stocks out there and all you need is a few of 'em. That's been my philosophy.
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Gentlemen who prefer bonds don't know what they're missing.
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Suicide is a permanent solution to a temporary problem. Suicide is a choice and I think if we work with that with kids, we'll get somewhere.
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Improved turnout will give parliament and government the appearance of being more legitimate.
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Everyone has the brain power to make money in stocks. Not everyone has the stomach.
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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.
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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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I don't go near the money and the money doesn't go near me.
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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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In business, competition is never as healthy as total domination.
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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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That's not to say there's no such thing as an overvalued market, but there's no point worrying about it.
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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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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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When you sell in desperation, you always sell cheap.
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