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
That's not to say there's no such thing as an overvalued market, but there's no point worrying about it.
All the time and effort people devote to picking the right fund, the hot hand, the great manager have, in most cases, led to no advantage.
I like to buy a company any fool can manage because eventually one will.
In the summer of 1990, I was buying stocks and I was probably three or four months early there. But we had a great rally in 1991.
Invest in what you know.
So while I was in college I did a little study on the freight industry, the air freight industry. And I looked at this company called Flying Tiger. And I actually put a thousand dollars in it and I remember I thought this air cargo was going to be a thing of the future.
You can't see the future through a rearview mirror
You can find good reasons to scuttle your equities in every morning paper and on every broadcast of the nightly news.
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.
Your investor's edge is not something you get from Wall Street experts. It's something you already have. You can outperform the experts if you use your edge by investing in companies or industries you already understand.
You have to keep your priorities straight if you plan to do well in stocks.
If a picture is worth a thousand words, in business, so is a number.
Investing is fun and exciting, but dangerous if you don't do any work.
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.