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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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Gentlemen who prefer bonds don't know what they're missing.
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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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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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Charts are great for predicting the past.
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You have to let the big ones make up for your mistakes.
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The real key to making money in stocks is not to get scared out of them.
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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.
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Behind every stock is a company. Find out what it's doing.
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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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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.
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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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Your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed.
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Invest in what you know.
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Everyone has the brain power to make money in stocks. Not everyone has the stomach.
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I spend about fifteen minutes a year on economic analysis.
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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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Most investors would be better off in an index fund.
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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 spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes
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