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Invest in what you know.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Invest

More quotes by Peter Lynch

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You have to let the big ones make up for your mistakes.
Peter Lynch
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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.
Peter Lynch
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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.
Peter Lynch
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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.
Peter Lynch
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In business, competition is never as healthy as total domination.
Peter Lynch
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Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.
Peter Lynch
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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.
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.
Peter Lynch
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Investing is fun and exciting, but dangerous if you don't do any work.
Peter Lynch
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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.
Peter Lynch
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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.
Peter Lynch
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You have to keep your priorities straight if you plan to do well in stocks.
Peter Lynch
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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
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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.
Peter Lynch
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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.'
Peter Lynch
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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.
Peter Lynch
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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.
Peter Lynch
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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.
Peter Lynch
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You can't see the future through a rearview mirror
Peter Lynch
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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.
Peter Lynch