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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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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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I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'
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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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I've always been a great lover of baseball.
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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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Everyone has the brainpower to make money in stocks. Not everyone has the stomach. If you are susceptible to selling everything in a panic, you ought to avoid stocks and mutual funds altogether.
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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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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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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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There's no shame in losing money on a stock. Everybody does it. What is shameful is to hold on to a stock, or worse, to buy more of it when the fundamentals are deteriorating.
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Avoid hot stocks in hot industries.
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More money is lost anticipating the changes in the overall stock market than any other way of investing.
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A lot of people got in at the wrong time. A lot of people did very well and some people said, This is it. I'll never get back in again. And they maybe meant it, but they probably got back in again anyway.
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Everyone has the brain power to make money in stocks. Not everyone has the stomach.
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I don't go near the money and the money doesn't go near me.
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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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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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As I look back on it now, it's obvious that studying history and philosophy was much better preparation for the stock market than, say, studying statistics.
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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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Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it.
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