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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

More quotes by Peter Lynch

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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.
Peter Lynch
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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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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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Gentlemen who prefer bonds don't know what they're missing.
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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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Investing is fun and exciting, but dangerous if you don't do any work.
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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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Just because you buy a stock and it goes up does not mean you are right. Just because you buy a stock and it goes down does not mean you are wrong.
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Invest in what you know.
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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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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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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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Never buy anything that you can't illustrate on the back of a napkin.
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Most investors would be better off in an index fund.
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An important key to investing is to remember that stocks are not lottery tickets.
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Invest in businesses any idiot could run, because someday one will.
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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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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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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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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.
Peter Lynch