10 Peter Lynch quotes I try not to forget!
Peter Lynch (born January 19, 1944) is an American businessman and stock investor. As the manager of the Magellan Fund at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual return,consistently more than doubling the S&P 500 market index and making it the best performing mutual fund in the world. During his tenure, assets under management increased from $18 million to $14 billion. He also co-authored a number of books and papers on investing and coined a number of well known mantras of modern individual investing strategies, such as Invest in what you know and ten bagger. Lynch is consistently described as a “legend” by the financial media for his performance record,and was called “legendary” by Jason Zweig in his 2003 update of Benjamin Graham‘s book, The Intelligent Investor.
- In stocks as in romance, ease of divorce is not a sound basis for commitment.
- The key to making money in stocks is not to get scared out of them.
- If you’re prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won’t get bored.
- There’s no shame in losing money on a stock. Everybody does it. What is shameful is to hold on to a stock, or worse, to buy more of it when the fundamentals are deteriorating.
- Owning stocks is like having children, don’t get involved with more than you can handle.
- If you can’t find any companies that you think are attractive, put your money in the bank until you discover some.
- If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.
- I’m always fully invested. It’s a great feeling to be caught with your pants up.
- Know what you own, and know why you own it.
- Gentlemen who prefer bonds don’t know what they’re missing
Hope you all will enjoy and learn from the sayings of this master.
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