Peter Lynch is former portfolio manager of the Magellan fund, which averaged 29.2% annual return between 1977 until 1990. He is a big advocate of using what you already know to make money in the stock market, and shared his stock picking wisdom in investment classics like Beating the Street and One Up On Wall Street.
Today he is involved in charitable organizations such as the Lynch Foundation.
Inspiring Quotes by Peter Lynch
“Never invest in any idea you can’t illustrate with a crayon.”
Peter Lynch
“The best stock to buy may be the one you already own.”
Peter Lynch
“You can’t see the future through a rearview mirror.”
Peter Lynch
“The best place to begin looking for the tenbagger is close to home – if not in the backyard then down at the shopping mall, and especially wherever you happen to work.”
Peter Lynch
“The person with the edge is always in a position to outguess the person without an edge.”
Peter Lynch
“You’re looking for a situation where the value of the assets per share exceeds the price per share of the stock.”
Peter Lynch
“Investing in stocks is an art, not a science, and people who’ve been trained to rigidly quantify everything have a big disadvantage.”
Peter Lynch
“Time is on your side when you own shares of superior companies.”
Peter Lynch
“Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.”
Peter Lynch
“When an industry gets too popular, nobody makes money anymore.”
Peter Lynch
“As a place to invest, I’ll take a lousy industry over a great industry anytime.”
Peter Lynch
“Selling your winners and holding your losers is like cutting the flowers and watering the weeds.”
Peter Lynch
“Trying to catch the bottom on a falling stock is like trying to catch a falling knife.”
Peter Lynch
“I’d love to be able to predict markets and anticipate recessions, but since that’s impossible, I’m as satisfied to search for profitable companies as Buffett is.”
Peter Lynch
