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I spend about fifteen minutes a year on economic analysis.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Analysis
Spend
Minutes
Economic
Year
Years
Fifteen

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The real key to making money in stocks is not to get scared out of them.
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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.
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Most investors would be better off in an index fund.
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A lot of people got in at the wrong time. A lot of people did very well and some people said, This is it. I'll never get back in again. And they maybe meant it, but they probably got back in again anyway.
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In stocks as in romance, ease of divorce is not a sound basis for commitment.
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You have to let the big ones make up for your mistakes.
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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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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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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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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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Searching for companies is like looking for grubs under rocks: if you turn over 10 rocks you'll likely find one grub if you turn over 20 rocks you'll find two.
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Long shots almost always miss the mark.
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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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That's not to say there's no such thing as an overvalued market, but there's no point worrying about it.
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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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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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Spend at least as much time researching a stock as you would choosing a refrigerator.
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Invest in businesses any idiot could run, because someday one will.
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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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Everyone has the brain power to make money in stocks. Not everyone has the stomach.
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