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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
Napkins
Illustrate
Anything
Back
Never
Napkin
More quotes by Peter Lynch
Charts are great for predicting the past.
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The basic story remains simple and never-ending. Stocks aren't lottery tickets. There's a company attached to every share.
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Long shots almost always miss the mark.
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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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If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes
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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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I don't go near the money and the money doesn't go near me.
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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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If you go to Minnesota in January, you should know that it's gonna be cold. You don't panic when the thermometer falls below zero.
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You can't see the future through a rearview mirror
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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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People who want to know how stocks fared on any given day ask, Where did the Dow close? I'm more interested in how many stocks went up versus how many went down. These so-called advance/decline numbers paint a more realistic picture.
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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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More money is lost anticipating the changes in the overall stock market than any other way of investing.
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In the long run, a portfolio of well chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market account. In the long run, a portfolio of poorly chosen stocks won't outperform the money left under the mattress.
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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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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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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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You have to let the big ones make up for your mistakes.
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You have to keep your priorities straight if you plan to do well in stocks.
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