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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.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Zero
Gonna
Cold
Thermometer
Fall
Thermometers
Minnesota
January
Panic
Falls

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In business, competition is never as healthy as total domination.
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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 don't go near the money and the money doesn't go near me.
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Time is on your side when you own shares of superior companies.
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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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An important key to investing is to remember that stocks are not lottery tickets.
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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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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 real key to making money in stocks is not to get scared out of them.
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What makes stocks valuable in the long run isn't the market. It's the profitability of the shares in the companies you own. As corporate profits increase, corporations become more valuable and sooner or later, their shares will sell for a higher price.
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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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If you have the stomach for stocks, but neither the time nor the inclination to do the homework, invest in equity mutual funds.
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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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Never buy anything that you can't illustrate on the back of a napkin.
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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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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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When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.
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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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I've always been a great lover of baseball.
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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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