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 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.
Know what you own, and know why you own it.
Everyone has the brain power to make money in stocks. Not everyone has the stomach.
If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes
Bargains are the holy grail of the true stockpicker. The fact that 10 to 30 percent of our net worth is lost in a market sell-off is of little consequence. We see the latest correction not as a disaster but as an opportunity to acquire more shares at low prices. This is how great fortunes are made over time.
Never invest in a company without understanding its finances. The biggest losses in stocks come from companies with poor balance sheets.
People who want to know how stocks fared on any given day ask, "Where did the Dow close?" I'm more interested in how many stocks went up versus how many went down. These so-called advance/decline numbers paint a more realistic picture.
It isn't the head but the stomach that determines the fate of the stockpicker.
The basic story remains simple and never-ending. Stocks aren't lottery tickets. There's a company attached to every share.
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.
I spend about fifteen minutes a year on economic analysis.
Visiting stores and testing products is one of the critical elements of the analyst's job.
All the math you need in the stock market you get in the fourth grade.
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.