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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.
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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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When you sell in desperation, you always sell cheap.
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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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The worst thing you can do is invest in companies you know nothing about. Unfortunately, buying stocks on ignorance is still a popular American pastime.
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I've always been a great lover of baseball.
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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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It would be wonderful if we could avoid the setbacks with timely exits, but nobody has figured out how to predict them.
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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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In stocks as in romance, ease of divorce is not a sound basis for commitment.
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When management owns stock, then rewarding the shareholders becomes a first priority, whereas when management simply collects a paycheck, then increasing salaries becomes a first priority.
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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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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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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 the long run, it's not just how much money you make that will determine your future prosperity. It's how much of that money you put to work by saving it and investing it.
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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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Time is on your side when you own shares of superior companies.
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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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Most investors would be better off in an index fund.
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