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
It would be wonderful if we could avoid the setbacks with timely exits, but nobody has figured out how to predict them.
Hold no more stocks than you can remain informed on.
Owning stocks is like having children - don't get involved with more than you can handle.
I spend about fifteen minutes a year on economic analysis.
Everyone has the brain power to make money in stocks. Not everyone has the stomach.
The simpler it is, the better I like it.
I think you have to learn that there's a company behind every stock, and that there's only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.
Invest in businesses any idiot could run, because someday one will.
You should not buy a stock because it's cheap but because you know a lot about it.
Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.
Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.
You have to let the big ones make up for your mistakes.
My method for picking stocks has never changed. When businesses go from crappy to semicrappy, there's money to be made.
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.