Peter Lynch Quotes

The more cash that builds up in the treasury, the greater the pressure to piss it away.

Primes are the atoms of the number system: every whole number is a product of primes.

If you can’t convince yourself “When I’m down 25 percent, I’m a buyer” and banish forever the fatal thought “When I’m down 25 percent, I’m a seller,” then you’ll never make a decent profit in stocks.

In stage four, once again they’re crowded around me — but this time it’s to tell me what stocks I should buy. Even the dentist has three or four tips, and in the next few days I look up his recommendations in the newspaper and they’ve all gone up. When the neighbors tell me what to buy and then I wish I had taken their advice, it’s a sure sign that the market has reached a top and is due for a tumble.

stick with a steady and consistent performer

The great joke is that the next time is never like the last time, and yet we can’t help readying ourselves for it anyway. This all reminds me of the Mayan conception of the universe.

When looking at the same sky, people in mature industries see clouds where people in immature industries see pie.

Stocks you trade, it's wives you're stuck with.

If you’re considering a stock on the strength of some specific product that a company makes, the first thing to find out is: What effect will the success of the product have on the company’s bottom line?

Debt is saving in reverse. The more it builds up, the worse off you are.

That’s not to say there’s no such thing as an overvalued market, but there’s no point worrying about it.

This is one of the keys to successful investing: focus on the companies, not on the stocks.

They worked out a new deal between another group of investors (headed by John Peirce) and the Plymouth Company, which owned the land.

Understand the nature of the companies you own and the specific reasons for holding the stock. (“It is really going up!” doesn’t count.)

The lesson here is: don’t spend a lot of time poring over the past performance charts. That’s not to say you shouldn’t pick a fund with a good long-term record. But it’s better to stick with a steady and consistent performer than to move in and out of funds, trying to catch the waves. Another major issue is what happens to a