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This is a crucial safeguard of our capitalist system, because if shareholders could be sued whenever a company made a mistake, people like you and me… - Peter Lynch
" "This is a crucial safeguard of our capitalist system, because if shareholders could be sued whenever a company made a mistake, people like you and me would be afraid to buy shares and become investors.
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About Peter Lynch
Peter Lynch (born January 19, 1944) is an American investor, mutual fund manager, philanthropist, and author.
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Peter Lynch doesn’t advise you to buy stock in your favorite store just because you like shopping in the store, nor should you buy stock in a manufacturer because it makes your favorite product or a restaurant because you like the food. Liking a store, a product, or a restaurant is a good reason to get interested in a company and put it on your research list, but it’s not enough of a reason to own the stock! Never invest in any company before you’ve done the homework on the company’s earnings prospects, financial condition, competitive position, plans for expansion, and so forth.
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