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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
Businesses
Method
Changed
Money
Made
Never
Crappy
Stocks
Picking

More quotes by 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.
Peter Lynch
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Behind every stock is a company. Find out what it's doing.
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Time is on your side when you own shares of superior companies.
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It would be wonderful if we could avoid the setbacks with timely exits, but nobody has figured out how to predict 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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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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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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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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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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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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I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'
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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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In the long run, a portfolio of well chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market account. In the long run, a portfolio of poorly chosen stocks won't outperform the money left under the mattress.
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In stocks as in romance, ease of divorce is not a sound basis for commitment.
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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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I'm always fully invested. It's a great feeling to be caught with your pants up.
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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.
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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.
Peter Lynch
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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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