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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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In the long run, it's not just how much money you make that will determine your future prosperity. It's how much of that money you put to work by saving it and investing it.
Peter Lynch
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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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I spend about fifteen minutes a year on economic analysis.
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I don't go near the money and the money doesn't go near me.
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In the long run, a portfolio of well chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market account. In the long run, a portfolio of poorly chosen stocks won't outperform the money left under the mattress.
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When you sell in desperation, you always sell cheap.
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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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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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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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I talk to hundreds of companies a year and spend hour after hour in heady pow-wows with CEOs, financial analysts and my colleagues in the mutual-fund business, but I stumble onto the big winners in extracurricular situations, the same way you do.
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Gentlemen who prefer bonds don't know what they're missing.
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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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You can't see the future through a rearview mirror
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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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You have to keep your priorities straight if you plan to do well in stocks.
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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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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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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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Behind every stock is a company. Find out what it's doing.
Peter Lynch