When somebody says, "Any idiot could run this joint," that's a plus as far as I'm concerned, because sooner or later any idiot probably is going to b… - Peter Lynch

Go for a business that any idiot can run – because sooner or later any idiot probably is going to be running it.

This is investing, where the smart money isn’t so smart, and the dumb money isn’t really as dumb as it thinks. Dumb money is only dumb when it listens to the smart money.

The trick is not to learn to trust your gut feelings, but rather to discipline yourself to ignore them. Stand by your stocks as long as the fundamental story of the company hasn’t changed.

One reason bonds are so popular is that elderly people have most of the money in this country, and elderly people tend to live off interest.