Quotes from Peter Lynch

I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'

You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.

Well, I think the secret is if you have a lot of stocks, some will do mediocre, some will do okay, and if one of two of 'em go up big time, you produce a fabulous result. And I think that's the promise to some people.

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

So while I was in college I did a little study on the freight industry, the air freight industry. And I looked at this company called Flying Tiger. And I actually put a thousand dollars in it and I remember I thought this air cargo was going to be a thing of the future.

Don't bottom fish.

I think you have to learn that there's a company behind every stock, and that 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.

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

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.

I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy.

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.

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

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

All the time and effort people devote to picking the right fund, the hot hand, the great manager have, in most cases, led to no advantage.

Spend at least as much time researching a stock as you would choosing a refrigerator.

In the summer of 1990, I was buying stocks and I was probably three or four months early there. But we had a great rally in 1991.

Although it's easy to forget sometimes, a share is not a lottery ticket... it's part-ownership of a business.

When even the analysts are bored, it's time to start buying.

I've always been a great lover of baseball.

But my system for over 30 years has been this: 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.

Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it.

Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.

If all the economists in the world were laid end to end, it wouldn't be a bad thing.

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.