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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
Industry
Industries
Stocks
Hot
Avoid

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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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If all the economists in the world were laid end to end, it wouldn't be a bad thing.
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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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Behind every stock is a company. Find out what it's doing.
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I've always said, the key organ here isn't the brain, it's the stomach. When things start to decline - there are bad headlines in the papers and on television - will you have the stomach for the market volatility and the broad-based pessimism that tends to come with it?
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Most investors would be better off in an index fund.
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You can't see the future through a rearview mirror
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Invest in businesses any idiot could run, because someday one will.
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Charts are great for predicting the past.
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I spend about fifteen minutes a year on economic analysis.
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All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don't work out.
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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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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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If you have the stomach for stocks, but neither the time nor the inclination to do the homework, invest in equity mutual funds.
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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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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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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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Investing is fun and exciting, but dangerous if you don't do any work.
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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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