Peter Lynch
Peter Lynch
Peter Lynchis an American businessman and stock investor. As the manager of the Magellan Fund at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual return, consistently more than doubling the S&P 500 market index and making it the best performing mutual fund in the world. During his tenure, assets under management increased from $18 million to $14 billion. He also co-authored a number of books and papers on investing and coined a number of well known mantras...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth19 January 1944
CountryUnited States of America
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.
The stock market really isn't a gamble, as long as you pick good companies that you think will do well, and not just because of the stock price.
Imagine if you borrowed your parents' car without permission and ran it into a tree, how much better you'd feel if you were incorporated.
Twenty years in this business convinces me that any normal person using the customary three percent of the brain can pick stocks just as well, if not better, than the average Wall Street expert.
I don't go near the money and the money doesn't go near me.
Long-term investing has gotten so popular, it's easier to admit you're a crack addict than to admit you're a short-term investor.
I deal in facts, not forecasting the future. That's crystal ball stuff. That doesn't work.
When people discover they are no good at baseball or hockey, they put away their bats and their skates and they take up amateur golf or stamp collecting or gardening. But when people discover they are no good at picking stocks, they are likely to continue to do it anyway.
I'm always fully invested. It's a great feeling to be caught with your pants up.
The extravagance of any corporate office is directly proportional to management's reluctance to reward the shareholders.
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.
You shouldn't just pick a stock - you should do your homework.
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.
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.