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In the summer of 1990, I was buying stocks and I was probably three or four months early there. But we had a great rally in 1991.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Probably
Four
Three
Rally
Great
Stocks
Buying
Summer
Early
Months

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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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Never buy anything that you can't illustrate on the back of a napkin.
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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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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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You can't see the future through a rearview mirror
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Long shots almost always miss the mark.
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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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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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Avoid hot stocks in hot industries.
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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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An important key to investing is to remember that stocks are not lottery tickets.
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Everyone has the brain power to make money in stocks. Not everyone has the stomach.
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In business, competition is never as healthy as total domination.
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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 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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All the math you need in the stock market you get in the fourth grade.
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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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My high-tech aversion caused me to make fun of the typical biotech enterprise: $100 million in cash from selling shares, one hundred Ph.D.'s, 99 microscopes, and zero revenues.
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Charts are great for predicting the past.
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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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