Explore Quotes by Peter Lynch

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.

If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes

The person that turns over the most rocks wins the game. And that's always been my philosophy.

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.

Although it's easy to forget sometimes, a share is not a lottery ticket... it's part-ownership of a business.

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.

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.

Searching for companies is like looking for grubs under rocks: if you turn over 10 rocks you'll likely find one grub; if you turn over 20 rocks you'll find two.

All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don't work out.

The best stock to buy is the one you already own.

Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.

The real key to making money in stocks is not to get scared out of them.

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.

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.

Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it.

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.'

Never invest in any idea you can't illustrate with a crayon

In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.