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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
Panic
Falls
Zero
Gonna
Cold
Thermometer
Fall
Thermometers
Minnesota
January

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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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I like to buy a company any fool can manage because eventually one will.
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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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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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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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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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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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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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Gentlemen who prefer bonds don't know what they're missing.
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All the math you need in the stock market you get in the fourth grade.
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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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If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes
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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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Charts are great for predicting the past.
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I spend about fifteen minutes a year on economic analysis.
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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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In business, competition is never as healthy as total domination.
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Invest in businesses any idiot could run, because someday one will.
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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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