Peter Lynch Quotes

the stock market demands conviction as surely as it victimizes the unconvinced.

Actually Wall Street thinks just as the Greeks did. The early Greeks used to sit around for days and debate how many teeth a horse has. They thought they could figure it out by just sitting there, instead of checking the horse. A lot of investors sit around and debate whether a stock is going up, as if the financial muse will give them the answer, instead of checking the company.

My advice for the next decade: Keep on the lookout for tomorrow’s big baggers. You’re likely to find one.

To my mind, the stock price is the least useful information you can track, and it’s the most widely tracked.

In other words, I continue to think like an amateur as frequently as possible. GOING IT ALONE

But in the second half of the nineteenth century, when the United States was an emerging nation, prices held steady, even though the banks had begun printing money like crazy.

It’s when you’ve decided to invest on your own that you ought to try going it alone. That means ignoring the hot tips, the recommendations from brokerage houses, and the latest “can’t miss” suggestion from your favorite newsletter — in favor of your own research. It means ignoring the stocks that you hear Peter Lynch, or some similar authority, is buying.

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

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

By the way, the odds against making a living in the day-trading business are about the same as the odds against making a living at racetracks, blackjack tables, or video poker.

As far back as 1602, Dutch people were buying shares in the United Dutch East India Company. This was the world’s first popular stock, sold on the world’s first popular stock exchange, which operated from a bridge over the Amstel River in Amsterdam. Crowds of eager investors gathered there, trying to get the attention of a stockbroker, and when their pushing and shoving got out of hand, police were called in to restore the peace.

and magazines and listen to the same economists.

To make this spectacular showing, you only had to find one big winner out of eleven. The more right you are about any one stock, the more wrong you can be on all the others and still triumph as an investor.

Once I’ve established the size of the company relative to others in a particular industry, next I place it into one of six general categories: slow growers, stalwarts, fast growers, cyclicals, asset plays, and turnarounds.

So while the smaller fast growers risk extinction, the larger fast growers risk a rapid devaluation when they begin to falter.