Peter Lynch Quotes

Why should I know Peter Lynch?

American investor at Magellan and philanthropist Peter Lynch is known for his books on investing, especially 'One Up on Wall Street' and 'Beating the Street'.

Born January 19, 1944

Books by Peter Lynch


Best 69 Quotes by Peter Lynch

“A correction is a euphemism for losing a lot of money rapidly.”

Peter Lynch

“All the math you need in the stock market you get in the fourth grade.”

Peter Lynch

“Charts are great for predicting the past.”

Peter Lynch

“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.”

Peter Lynch

“Go for a business that any idiot can run - because sooner or later, an idiot probably is going to run it.”

Peter Lynch

“I can't recall ever once having seen the name of a market timer on Forbes' annual list of the richest people in the world. If it were truly possible to predict corrections, you'd think somebody would have made billions by doing it.”

Peter Lynch

“I deal in facts, not forecasting the future. That's crystal ball stuff. That doesn't work.”

Peter Lynch

“I don't know anyone who said on their deathbed: 'Gee, I wish I'd spent more time at the office.'”

Peter Lynch

“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

“If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes.”

Peter Lynch

“In the long run, it's not just how much money you make that will determine your future prosperity. It's how much of that money you put to work by saving it and investing it.”

Peter Lynch

“In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.”

Peter Lynch

“Just because you buy a stock and it goes up does not mean you are right. Just because you buy a stock and it goes down does not mean you are wrong.”

Peter Lynch

“Know what you own, and know why you own it.”

Peter Lynch

“Most investors would be better off in an index fund.”

Peter Lynch

“My method for picking stocks has never changed. When businesses go from crappy to semi crappy, there's money to be made.”

Peter Lynch

“No one has ever gone bankrupt without any debt.”

Peter Lynch

“Sell a stock because the company's fundamentals deteriorate, not because the sky is falling.”

Peter Lynch

“Spend at least as much time researching a stock as you would choosing a refrigerator. You shouldn't just pick a stock - you should do your homework.”

Peter Lynch

“Stocks are a safe bet, but only if you stay invested long enough to ride out the corrections.”

Peter Lynch

“The average movement of a stock in the New York Exchange this century between its high and its low has been 50 percent.”

Peter Lynch

Products by Peter Lynch

“The best stock to buy is the one you already own.”

Peter Lynch

“The extravagance of any corporate office is directly proportional to management's reluctance to reward the shareholders.”

Peter Lynch

“The list of qualities an investor should have include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic.”

Peter Lynch

“The only way to lose money is to buy a stock, have it go down and sell it. That's the only way.”

Peter Lynch

“The person that turns over the most rocks wins the game. And that's always been my philosophy.”

Peter Lynch

“The stock doesn't know you own it.”

Peter Lynch

“There's lots of stocks out there and all you need is a few of 'em. That's been my philosophy.”

Peter Lynch

“There's only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.”

Peter Lynch

“Visiting stores and testing products is one of the critical elements of the analyst's job.”

Peter Lynch

“When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.”

Peter Lynch

“You can't see the future through a rearview mirror.”

Peter Lynch

“You cannot lose money in a stock you don't own.”

Peter Lynch

“You have to let the big ones make up for your mistakes.”

Peter Lynch

“You only need a few good stocks in your lifetime. I mean how many times do you need a stock to go up ten-fold to make a lot of money? Not a lot.”

Peter Lynch

“During the Gold Rush, most would-be miners lost money, but people who sold them picks, shovels, tents and blue-jeans made a nice profit.”

Peter Lynch

“Gentlemen who prefer bonds don't know what they're missing.”

Peter Lynch

“In stocks as in romance, ease of divorce is not a sound basis for commitment.”

Peter Lynch

“It's human nature to keep doing something as long as it's pleasurable and you can succeed at it, which is why the world population continues to double every 40 years.”

Peter Lynch

“Owning stocks is like having children. Don't get involved with more than you can handle.”

Peter Lynch

"Beating the Street" Quotes

“A stock market decline is as routine as a January blizzard in Colorado. If you're prepared, it can't hurt you. A decline is a great opportunity to pick up the bargains left behind by investors who are fleeing the storm in panic.”

Peter Lynch
Beating the Street

“Avoid hot stocks in hot industries.”

Peter Lynch
Beating the Street

Products by Peter Lynch

“Bargains are the holy grail of the true stock picker. The fact that 10 to 30 percent of our net worth is lost in a market sell-off is of little consequence. We see the latest correction not as a disaster but as an opportunity to acquire more shares at low prices. This is how great fortunes are made over time.”

Peter Lynch
Beating the Street

“Behind every stock is a company. Find out what it's doing.”

Peter Lynch
Beating the Street

“Everyone has the brain power to make money in stocks. Not everyone has the stomach.”

Peter Lynch
Beating the Street

“Hold no more stocks than you can remain informed on.”

Peter Lynch
Beating the Street

“If you can't find any companies that you think are attractive, put your money in the bank until you discover some.”

Peter Lynch
Beating the Street

“In business, competition is never as healthy as total domination.”

Peter Lynch
Beating the Street

“In the long run, a portfolio of well chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market account. In the long run, a portfolio of poorly chosen stocks won't outperform the money left under the mattress.”

Peter Lynch
Beating the Street

“It only takes a handful of big winners to make a lifetime of investing worthwhile.”

Peter Lynch
Beating the Street

“Never invest in a company without understanding its finances. The biggest losses in stocks come from companies with poor balance sheets.”

Peter Lynch
Beating the Street

“Never invest in any idea you can't illustrate with a crayon”

Peter Lynch
Beating the Street

“Often, there is no correlation between the success of a company's operations and the success of its stock over a few months or even a few years. In the long term, there is a 100 percent correlation between the success of the company and the success of its stock. This disparity is the key to making money; it pays to be patient, and to own successful companies.”

Peter Lynch
Beating the Street

“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
Beating the Street

“The Rule of 72 is useful in determining how fast money will grow. Take the annual return from any investment, expressed as a percentage, and divide it into 72. The result is the number of years it will take to double your money.”

Peter Lynch
Beating the Street

“The stock market really isn't a gamble, as long as you pick good companies that you think will do well, and not just because of the stock price.”

Peter Lynch
Beating the Street

“Time is on your side when you own shares of superior companies.”

Peter Lynch
Beating the Street

“You should not buy a stock because it's cheap but because you know a lot about it.”

Peter Lynch
Beating the Street

“Your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed.”

Peter Lynch
Beating the Street

"One Up on Wall Street" Quotes

“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.”

Peter Lynch
One Up on Wall Street

“Absent a lot of surprises, stocks are relatively predictable over twenty years. As to whether they're going to be higher or lower in two to three years, you might as well flip a coin to decide.”

Peter Lynch
One Up on Wall Street

“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
One Up on Wall Street

“I'm always fully invested. It's a great feeling to be caught with your pants up.”

Peter Lynch
One Up on Wall Street

Products by Peter Lynch

“If you can find a company that can get away with raising prices year after year without losing customers (an addictive product such as cigarettes fills the bill), you've got a terrific investment.”

Peter Lynch
One Up on Wall Street

“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
One Up on Wall Street

“Stocks aren't lottery tickets. There's a company attached to every share.”

Peter Lynch
One Up on Wall Street

“The biggest winners are surprises to me. It takes years, not months, to produce big results.”

Peter Lynch
One Up on Wall Street

“There's no use diversifying into unknown companies just for the sake of diversity. A foolish diversity is the hobgoblin of small investors. In small portfolios, I'd be comfortable owning between three and ten stocks.”

Peter Lynch
One Up on Wall Street

“When you sell in desperation, you always sell cheap.”

Peter Lynch
One Up on Wall Street