Quotes from Peter Lynch

Actually Wall Street thinks just as the Greeks did. The early Greeks used to sit around for days and debate how many teeth a horse has. They thought they could figure it out by just sitting there, instead of checking the horse. A

When looking at the same sky, people in mature industries see clouds where people in immature industries see pie.

stick with a steady and consistent performer

Stocks you trade, it's wives you're stuck with.

This is one of the keys to successful investing: focus on the companies, not on the stocks.

The more cash that builds up in the treasury, the greater the pressure to piss it away.

Invest in What You Know.

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

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

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.

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

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

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.

The real key to making money in stocks is not to get scared out of them.

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.

Everyone has the brainpower to make money in stocks. Not everyone has the stomach. If you are susceptible to selling everything in a panic, you ought to avoid stocks and mutual funds altogether.

More money is lost anticipating the changes in the overall stock market than any other way of investing.

You can find good reasons to scuttle your equities in every morning paper and on every broadcast of the nightly news.

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.

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

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.

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

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.

Improved turnout will give parliament and government the appearance of being more legitimate.