Peter Lynch 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.”

“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.”

“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.”

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

“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.”

“Investing in stocks is an art, not a science, and people who've been trained to rigidly quantify everything have a big disadvantage.”

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

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

“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.”

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