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. Peter Lynch More Quotes by Peter Lynch More Quotes From Peter Lynch Avoid hot stocks in hot industries. Peter Lynch industryhot If you hope to have more money tomorrow than you have today, you've got to put a chunk of your assets into stocks. Sooner or later, a portfolio of stocks or stock mutual funds will turn out to be a lot more valuable than a portfolio of bonds or CDs or money-market funds. Peter Lynch investingcdstoday The S&P is up 343.8 percent for 10 years. That is a four-bagger. The general equity funds are up 283 percent. So it's getting worse, the deterioration by professionals is getting worse. The public would be better off in an index fund. Peter Lynch deteriorationwould-beyears Investing in stocks is an art, not a science, and people who've been trained to rigidly quantify everything have a big disadvantage. Peter Lynch investingpeopleart In stocks as in romance, ease of divorce is not a sound basis for commitment. Peter Lynch divorceromancecommitment Long-term investing has gotten so popular, it's easier to admit you're a crack addict than to admit you're a short-term investor. Peter Lynch investingcrackslong Owning stocks is like having children - don't get involved with more than you can handle. Peter Lynch get-involvedinvestingchildren 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. Peter Lynch investingrockstwo It would be wonderful if we could avoid the setbacks with timely exits, but nobody has figured out how to predict them. Peter Lynch investingexitwould-be The extravagance of any corporate office is directly proportional to management's reluctance to reward the shareholders. Peter Lynch rewardsextravaganceoffice I'm always fully invested. It's a great feeling to be caught with your pants up. Peter Lynch investingpantsfeelings 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. Peter Lynch investingnumberspeople Invest in businesses any idiot could run, because someday one will. Peter Lynch somedayidiotrunning It isn't the head but the stomach that determines the fate of the stockpicker. Peter Lynch stomachfatedetermine Gentlemen who prefer bonds don't know what they're missing. Peter Lynch investinggentlemanmissing As I look back on it now, it's obvious that studying history and philosophy was much better preparation for the stock market than, say, studying statistics. Peter Lynch preparationphilosophylooks Behind every stock is a company. Find out what it's doing. Peter Lynch investingcompanyintelligent Average investors can become experts in their own field and can pick winning stocks as effectively as Wall Street professionals by doing just a little research. Peter Lynch wallwinningaverage There's a company behind every stock and a reason companies - and their stocks - perform the way they do. Peter Lynch companyreasonway 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. Peter Lynch wallintelligentbusiness
