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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
Early
Months
Probably
Four
Three
Rally
Great
Stocks
Buying
Summer

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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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Investing is fun and exciting, but dangerous if you don't do any work.
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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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I spend about fifteen minutes a year on economic analysis.
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Invest in businesses any idiot could run, because someday one will.
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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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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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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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Most investors would be better off in an index fund.
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When you sell in desperation, you always sell cheap.
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You have to keep your priorities straight if you plan to do well in stocks.
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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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Just because you buy a stock and it goes up does not mean you are right. Just because you buy a stock and it goes down does not mean you are wrong.
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All the math you need in the stock market you get in the fourth grade.
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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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Everyone has the brain power to make money in stocks. Not everyone has the stomach.
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An important key to investing is to remember that stocks are not lottery tickets.
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You have to let the big ones make up for your mistakes.
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I don't know anyone who said on their deathbed: 'Gee, I wish I'd spent more time at the office.'
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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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