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
Investing in stocks is an art, not a science, and people who've been trained to rigidly quantify everything have a big disadvantage.
Never invest in any idea you can't illustrate with a crayon
During the Gold Rush, most would-be miners lost money, but people who sold them picks, shovels, tents and blue-jeans (Levi Strauss) made a nice profit.
If you have the stomach for stocks, but neither the time nor the inclination to do the homework, invest in equity mutual funds.
What makes stocks valuable in the long run isn't the market. It's the profitability of the shares in the companies you own. As corporate profits increase, corporations become more valuable and sooner or later, their shares will sell for a higher price.
The natural-born investor is a myth.
Absent a lot of surprises, stocks are relatively predictable over twenty years. As to whether they're going to be higher or lower in two to three years, you might as well flip a coin to decide.
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.
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.