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Avoid hot stocks in hot industries.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Industries
Stocks
Hot
Avoid
Industry

More quotes by Peter Lynch

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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.
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That's not to say there's no such thing as an overvalued market, but there's no point worrying about it.
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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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In stocks as in romance, ease of divorce is not a sound basis for commitment.
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Improved turnout will give parliament and government the appearance of being more legitimate.
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I've always been a great lover of baseball.
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Charts are great for predicting the past.
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Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.
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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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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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You have to let the big ones make up for your mistakes.
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If all the economists in the world were laid end to end, it wouldn't be a bad thing.
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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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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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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.
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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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I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'
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You can find good reasons to scuttle your equities in every morning paper and on every broadcast of the nightly news.
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Invest in what you know.
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Behind every stock is a company. Find out what it's doing.
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