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
In the long run, it's not just how much money you make that will determine your future prosperity. It's how much of that money you put to work by saving it and investing it.
Although it's easy to forget sometimes, a share is not a lottery ticket... it's part-ownership of a business.
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.
Behind every stock is a company. Find out what it's doing.
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 spend about 15 minutes a year on economic analysis. The way you lose money in the stock market is to start off with an economic picture. I also spend 15 minutes a year on where the stock market is going.
People have all this data and they go through it and make up their minds in four seconds, ... We're forcing people to do the wrong things. They look at what's hot. They spend so much time trying to figure out if the market is going up. That's so unimportant. It's about earnings. They need to follow the earnings.
I think Coca-Cola needs a rest. Some phases of the market, some of the big stocks are in that category.
People want to know 'what is my cost.' Period.
People were writing off California a couple of years ago, now they have a massive surplus. Canada is running its first surplus in 20 years and Mexico is doing well. Wouldn't you have been shocked if someone told you that the U.S. would have been running a surplus?
We're not budgeting for it to do that. We think that it is possible that into our coffers you could probably push 8 or 10 million (euros) EBITDA ...but I think it's probably not the right thing to do in this period of consolidation.
The only thing that we're going to say is that our client has been arraigned. We've continued a not-guilty plea as we have all along. We intend to vigorously defend this case and we will see you at trial.
We have concluded that a sale of our Bahamian operation is in the company's best interest as we continue to sharpen our focus on successfully implementing our business plan and preparing to emerge from Chapter 11. Although the 12 stores in the Bahamas are profitable, they are not a core business for us.
Creating a smaller, but more profitable store base will best position Winn-Dixie for long-term financial health and a successful future,