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Invest in businesses any idiot could run, because someday one will.

Peter Lynch

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

More quotes by Peter Lynch

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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
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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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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.
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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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 lucky enough to have been rewarded in life to the degree that I have, there comes a point at which you have to decide whether to become a slave to your net worth by devoting the rest of your life to increasing it or to let what you've accumulated begin to serve you.
Peter Lynch
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Improved turnout will give parliament and government the appearance of being more legitimate.
Peter Lynch
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If you can't find any companies that you think are attractive, put your money in the bank until you discover some.
Peter Lynch
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Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do 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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Spend at least as much time researching a stock as you would choosing a refrigerator.
Peter Lynch
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I like to buy a company any fool can manage because eventually one will.
Peter Lynch
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Everyone has the brainpower to make money in stocks. Not everyone has the stomach. If you are susceptible to selling everything in a panic, you ought to avoid stocks and mutual funds altogether.
Peter Lynch
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Never buy anything that you can't illustrate on the back of a napkin.
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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I spend about fifteen minutes a year on economic analysis.
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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Gentlemen who prefer bonds don't know what they're missing.
Peter Lynch
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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.
Peter Lynch
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Most investors would be better off in an index fund.
Peter Lynch