Peter Lynch Quotes: 25 More Highly Valuable Insights
”The bearish argument always sounds more intelligent.” (p. 23)
“It’s self-defeating to try to invest in good markets and get out of bad ones.” (p. 48)
“Obviously you don’t have to be able to predict the stock market to make money in stocks, or else I wouldn’t have made any money.” (p. 84)
“If professionals can’t predict economies and professional forecasters can’t predict markets, then what chance does the amateur investor have?” (p. 87)
“No wonder why people make money in the real estate market and lose money in the stock market. They spend months choosing their houses, and minutes choosing their stocks. In fact, they spend more time shopping for a good microwave oven than shopping for a good investment.” (p. 80)
”The simpler it is, the better I like it.” (p. 130).
“Why take chances on a fickle purchase when there’s so much steady business around?” (p. 142)
“When management owns stock, then rewarding the shareholders becomes a first priority, whereas when management simply collects a paycheck, then increasing salaries becomes a first priority.” (p. 143)
“Insider selling usually means nothing and it’s silly to react to it. There are many reasons that officers might sell. But there’s only one reason that insiders buy.” (p. 144)
“Wait for the earnings. You can get tenbaggers in companies that have already proven themselves. When in doubt, tune in later.” (p. 159)
“Value always wins out – or at least in enough cases that it’s worthwhile to believe it.” (p. 161)
“Once you’re able to tell the story of a stock to your family, your friends, or the dog, and so that even a child could understand it, then you have a proper grasp of the situation.” (p. 175)
“La Quinta was a great story, and not one of those would-be, could-be, might-be, soon-to-be tales. If they aren’t already doing it, then don’t invest in it.” (p. 179)
“It’s never too late not to invest in an unproven enterprise.” (p. 182)
“All else being equal, a 20-percent grower selling at 20 times earnings is a much better buy than a 10-percent grower selling at 10 times earnings.” (p. 218)
“All of this research I’ve been talking about takes a couple of hours, at most, for each stock.” (p. 227)
“What’s wrong with high expectations? If you expect to make 30 percent year after year, you’re most likely to get frustrated at stocks for defying you.” (p. 237)
“Going into cash would be getting out of the market. My idea is to stay in the market forever, and to rotate stocks depending on the fundamental situation.” (p. 242)
“Sell the winners and hold on to the losers is as sensible as pulling out the flowers and watering the weeds.” (p. 243)
“Most money I make is in the third or fourth year that I’ve owned something.” (p. 266)
“In most cases it’s better to buy the original good company at a high price than it is to jump on the ‘next one’ at a bargain price.” (p. 268)
“It takes years, not months, to produce big results.” (p. 285)
“Just because the price goes up doesn’t mean you’re right.” (p. 286)
“Buying a company with mediocre prospects just because the stock is cheap is a losing technique.” (p. 286)
“You don’t have to kiss all the girls. I’ve missed my share of tenbaggers and it hasn’t kept me from beating the market.” (p. 286)