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Portrait of Peter Lynch

Peter Lynch

(1944) Financier Ireland

146 quotes in 679 categories

Peter Lynch notes that a single number can tell a whole business story. He reminds investors that every stock represents a real company with a simple reason for its rise. He also says you should be able to explain an investment in language a fifth‑grader understands.

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Peter Lynch is a financier from Ireland, best known for Beating the Street.

Quick Facts About Peter Lynch

Born: January 19, 1944
Nationality: Ireland
Profession: Financier
Notable works: Beating the Street

About Peter Lynch

During his 13‑year tenure as manager of the Magellan Fund, Lynch grew the fund’s assets from about $18 million to $14 billion. The fund consistently beat the S&P 500 index, making it the top‑performing mutual fund in the world. In addition to investing, he wrote about finance and supported charitable causes.

Quotes by Peter Lynch

Don't bottom fish.

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Avoid hot stocks in hot industries.

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Invest in what you know.

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“Remember, things are never clear until it’s too late.”

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You shouldn't just pick a stock - you should do your homework.

Customer

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The best stock to buy is the one you already own.

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Never invest in any idea you can't illustrate with a crayon

Best investment

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

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You can't see the future through a rearview mirror

Future

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Investing is fun and exciting, but dangerous if you don't do any work.

Customer

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All the math you need in the stock market you get in the fourth grade.

Customer

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Imagine if you borrowed your parents' car without permission and ran it into a tree, how much better you'd feel if you…

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“Investing without research is like playing stud poker and never looking at the cards. For some reason the whole business”

Customer

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Never invest in a company without understanding its finances. The biggest losses in stocks come from companies with poor balance sheets.

Balance

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I'm always fully invested. It's a great feeling to be caught with your pants up.

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“In other words, I continue to think like an amateur as frequently as possible. GOING IT ALONE”

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

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

Customer

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“The secret of his success is that he never went to business school. Imagina all the lessons he never had to unlearn.”

Business

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My high-tech aversion caused me to make fun of the typical biotech enterprise: $100 million in cash from selling shares, one hundred…

Aversion

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Your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your…

Ability

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I talk to hundreds of companies a year and spend hour after hour in heady pow-wows with CEOs, financial analysts and my…

After hours

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

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Nobody can predict interest rates, the future direction of the economy or the stock market. Dismiss all such forecasts and concentrate on…

Company

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“The old Wall Street adage "never invest in anything that eats or needs repairs" may apply to racehorses, but it's malarkey when…

Customer

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The most important organ in the body as far as the stock market is concerned is the guts, not the head. Anyone…

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I think you have to learn that there's a company behind every stock, and that there's only one real reason why stocks…

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There's no use diversifying into unknown companies just for the sake of diversity. A foolish diversity is the hobgoblin of small investors.…

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The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility,…

Ability

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Bargains are the holy grail of the true stockpicker. The fact that 10 to 30 percent of our net worth is lost…

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Thousands of experts study overbought indicators, oversold indicators, head-and-shoulder patterns, put-call ratios, the Fed's policy on money supply, foreign investment, the movement…

Consistency

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A price drop in a good stock is only a tragedy if you sell at that price and never buy more. To…

Bargains

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If you can follow only one bit of data, follow the earnings - assuming the company in question has earnings. I subscribe…

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Logic is the subject that has helped me most in picking stocks, if only because it taught me to identify the peculiar…

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Often, there is no correlation between the success of a company's operations and the success of its stock over a few months…

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If a picture is worth a thousand words, in business, so is a number.

Business

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Never buy anything that you can't illustrate on the back of a napkin.

Funny

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You have to let the big ones make up for your mistakes.

Big ones

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

Analysts

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Gentlemen who prefer bonds don't know what they're missing.

Bonds

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Peter Lynch by topic

Investing (110) Customer (77) Company (23) Business (23) Inspirational (21) Money (20) Love (14) Investors (13) Time (12) Funny (10)