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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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I spend about fifteen minutes a year on economic analysis.
Peter Lynch
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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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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 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'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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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 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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Charts are great for predicting the past.
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Long shots almost always miss the mark.
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The stock market really isn't a gamble, as long as you pick good companies that you think will do well, and not just because of the stock price.
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Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.
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Most investors would be better off in an index fund.
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In business, competition is never as healthy as total domination.
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You have to keep your priorities straight if you plan to do well in stocks.
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I'm always fully invested. It's a great feeling to be caught with your pants up.
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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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All the math you need in the stock market you get in the fourth grade.
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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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You have to let the big ones make up for your mistakes.
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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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