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Well, I think the secret is if you have a lot of stocks, some will do mediocre, some will do okay, and if one of two of 'em go up big time, you produce a fabulous result. And I think that's the promise to some people.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Thinking
Results
Stocks
People
Secret
Mediocre
Bigs
Fabulous
Two
Ems
Wells
Result
Well
Okay
Time
Promise
Think
Produce

More quotes by Peter Lynch

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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.
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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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Improved turnout will give parliament and government the appearance of being more legitimate.
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I don't go near the money and the money doesn't go near me.
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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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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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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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I like to buy a company any fool can manage because eventually one will.
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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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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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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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The worst thing you can do is invest in companies you know nothing about. Unfortunately, buying stocks on ignorance is still a popular American pastime.
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The real key to making money in stocks is not to get scared out of them.
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Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.
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Avoid hot stocks in hot industries.
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Behind every stock is a company. Find out what it's doing.
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Your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed.
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As I look back on it now, it's obvious that studying history and philosophy was much better preparation for the stock market than, say, studying statistics.
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If you hope to have more money tomorrow than you have today, you've got to put a chunk of your assets into stocks. Sooner or later, a portfolio of stocks or stock mutual funds will turn out to be a lot more valuable than a portfolio of bonds or CDs or money-market funds.
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The best stock to buy is the one you already own.
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