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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
Avoid
Industry
Industries
Stocks
Hot

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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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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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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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In stocks as in romance, ease of divorce is not a sound basis for commitment.
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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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Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.
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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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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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If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes
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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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Invest in businesses any idiot could run, because someday one will.
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I like to buy a company any fool can manage because eventually one will.
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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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In our society, it's been the men who've handled most of the finances, and the women who've stood by and watched men botch things up.
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Suicide is a permanent solution to a temporary problem. Suicide is a choice and I think if we work with that with kids, we'll get somewhere.
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Everyone has the brain power to make money in stocks. Not everyone has the stomach.
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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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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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Behind every stock is a company. Find out what it's doing.
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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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