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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
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.
Peter Lynch
The basic story remains simple and never-ending. Stocks aren't lottery tickets. There's a company attached to every share.
Peter Lynch
Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.
Peter Lynch
If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored.
Peter Lynch
I don't know anyone who said on their deathbed: 'Gee, I wish I'd spent more time at the office.'
Peter Lynch
The best stock to buy is the one you already own.
Peter Lynch
When you sell in desperation, you always sell cheap.
Peter Lynch
That's not to say there's no such thing as an overvalued market, but there's no point worrying about it.
Peter Lynch
You can't see the future through a rearview mirror
Peter Lynch
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.
Peter Lynch
Spend at least as much time researching a stock as you would choosing a refrigerator.
Peter Lynch
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.
Peter Lynch
An important key to investing is to remember that stocks are not lottery tickets.
Peter Lynch
Long shots almost always miss the mark.
Peter Lynch
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
What makes stocks valuable in the long run isn't the market. It's the profitability of the shares in the companies you own. As corporate profits increase, corporations become more valuable and sooner or later, their shares will sell for a higher price.
Peter Lynch
Never buy anything that you can't illustrate on the back of a napkin.
Peter Lynch
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.
Peter Lynch
The real key to making money in stocks is not to get scared out of them.
Peter Lynch
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.
Peter Lynch