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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.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Stocks
Picking
Businesses
Method
Changed
Money
Made
Never
Crappy

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The worst thing you can do is invest in companies you know nothing about. Unfortunately, buying stocks on ignorance is still a popular American pastime.
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You have to keep your priorities straight if you plan to do well in stocks.
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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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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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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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Gentlemen who prefer bonds don't know what they're missing.
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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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Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.
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The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic.
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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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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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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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I've always been a great lover of baseball.
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Time is on your side when you own shares of superior companies.
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Never buy anything that you can't illustrate on the back of a napkin.
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More money is lost anticipating the changes in the overall stock market than any other way of investing.
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Everyone has the brain power to make money in stocks. Not everyone has the stomach.
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I spend about fifteen minutes a year on economic analysis.
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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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