--- title: "Meaning & Key Takeaway of: Logic is the subject that has helped me…" description: "\"Logic is the subject that has helped me most in picking stocks, if only because it taught me to identify the peculiar illogic of Wall Street. Actually ..." image: "https://sms4smile.com/quotes/i/53f/peter-lynch-2902_answers_logic-is-the-subject-that-has-helped-me_2863132.png" --- # Logic is the subject that has helped me most in picking… ![“Logic is the subject that has helped me most in picking stocks, if only because it taught me to identify the peculiar illogic of Wall Street. 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…” quote by Peter Lynch](https://sms4smile.com/quotes/i/53f/peter-lynch-2902_answers_logic-is-the-subject-that-has-helped-me_2863132.png) [Download](https://sms4smile.com/quotes/i/53f/peter-lynch-2902_answers_logic-is-the-subject-that-has-helped-me_2863132.png) [Open image](https://sms4smile.com/quotes/i/53f/peter-lynch-2902_answers_logic-is-the-subject-that-has-helped-me_2863132.png) > “Logic is the subject that has helped me most in picking stocks, if only because it taught me to identify the peculiar illogic of Wall Street. 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 just by sitting there, instead of checking the horse. A lot of investors sit around and debate whether a stock is going up, as if the financial muse will give them the answer, instead of checking the company.” [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Logical analysis beats speculation; verify facts instead of guessing. **In simple terms:** Check facts, not myths. Key Takeaway Base decisions on data, not hype. Themes finance logic investing Mood analytical pragmatic Type educational inspirational When to use this quote - stock picking - portfolio review - career in finance - education Key Concepts critical thinking behavioral bias market analysis Questions to Reflect On - How do you verify investment assumptions? - What logical tools improve your decisions? A Different Perspective Data may be incomplete or misleading. ★ ★ ★ ★ ★ No ratings yet [Company](https://sms4smile.com/quotes/about/company/) [Customer](https://sms4smile.com/quotes/about/customer/) [Debate](https://sms4smile.com/quotes/about/debate/) [Giving](https://sms4smile.com/quotes/about/giving/) [Horse](https://sms4smile.com/quotes/about/horse/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investors](https://sms4smile.com/quotes/about/investors/) [Logic](https://sms4smile.com/quotes/about/logic/) [Muse](https://sms4smile.com/quotes/about/muse/) [Streets](https://sms4smile.com/quotes/about/streets/) [Thinking](https://sms4smile.com/quotes/about/thinking/) [Wall](https://sms4smile.com/quotes/about/wall/) [Wall St](https://sms4smile.com/quotes/about/wall-st/) [Wall street](https://sms4smile.com/quotes/about/wall-street/) ## Related quotes > [My method for picking stocks has never changed. When businesses go from crappy to semicrappy, there's money to be made.](https://sms4smile.com/quotes/peter-lynch/my-method-for-picking-stocks-has-never-changed-when-businesses-go/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [When people discover they are no good at baseball or hockey, they put away their bats and their skates and they take up amateur…](https://sms4smile.com/quotes/peter-lynch/when-people-discover-they-are-no-good-at-baseball-or-hockey-they-put/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [ \[In picking stocks\] You really have to know a lot about business. You have to know a lot about competitive advantage. You have to… ](https://sms4smile.com/quotes/charlie-munger/in-picking-stocks-you-really-have-to-know-a-lot-about-business-you/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [After a lifetime of picking stocks, I have to admit that Bogle's arguments in favor of the index fund have me thinking of joining…](https://sms4smile.com/quotes/jim-cramer/after-a-lifetime-of-picking-stocks-i-have-to-admit-that-bogle-s/) [Jim Cramer](https://sms4smile.com/quotes/author/jim-cramer/) > [The person that always wins, that's the other thing. The monkey picking stocks always wins.](https://sms4smile.com/quotes/chris-hayes/the-person-that-always-wins-that-s-the-other-thing-the-monkey-picking/) [Chris Hayes](https://sms4smile.com/quotes/author/chris-hayes/) > [For some reason, people take their cues from price action rather than from values. What doesn't work is when you start doing things that…](https://sms4smile.com/quotes/warren-buffett/for-some-reason-people-take-their-cues-from-price-action-rather-than/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Whenever you try to pick market tops and bottoms, you are making a prediction. Guessing what stock is going to outperform the market is…](https://sms4smile.com/quotes/barry-ritholtz/whenever-you-try-to-pick-market-tops-and-bottoms-you-are-making-a/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [In my business investing, you are buying a stock, and someone else is selling the stock. Right there, that's like a debate. Is the…](https://sms4smile.com/quotes/david-einhorn/in-my-business-investing-you-are-buying-a-stock-and-someone-else-is/) [David Einhorn](https://sms4smile.com/quotes/author/david-einhorn/) > [Back in the early days at Netflix, it wasn't unheard of for me to tell prospective hires that I could see our stock going…](https://sms4smile.com/quotes/marc-randolph/back-in-the-early-days-at-netflix-it-wasn-t-unheard-of-for-me-to-tell/) [Marc Randolph](https://sms4smile.com/quotes/author/marc-randolph/) > [What's the best gamble in the world, right now? Its betting that Deutsche Bank stock is going to go down. 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If one of the characters suddenly decided to do something very different, I'd just…](https://sms4smile.com/quotes/lori-foster/i-m-truly-100-guided-by-the-characters-and-my-muse-if-one-of-the/) [Lori Foster](https://sms4smile.com/quotes/author/lori-foster/) ## More by Peter Lynch > [If a picture is worth a thousand words, in business, so is a number.](https://sms4smile.com/quotes/peter-lynch/if-a-picture-is-worth-a-thousand-words-in-business-so-is-a-number/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [“The old Wall Street adage "never invest in anything that eats or needs repairs" may apply to racehorses, but it's malarkey when it comes…](https://sms4smile.com/quotes/peter-lynch/the-old-wall-street-adage-never-invest-in-anything-that-eats-or-needs/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [You just don't know when you can find the bottom.](https://sms4smile.com/quotes/peter-lynch/you-just-don-t-know-when-you-can-find-the-bottom/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [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.…](https://sms4smile.com/quotes/peter-lynch/i-think-you-have-to-learn-that-there-s-a-company-behind-every-stock/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [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…](https://sms4smile.com/quotes/peter-lynch/if-you-re-prepared-to-invest-in-a-company-then-you-ought-to-be-able/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [“In other words, I continue to think like an amateur as frequently as possible. GOING IT ALONE”](https://sms4smile.com/quotes/peter-lynch/in-other-words-i-continue-to-think-like-an-amateur-as-frequently-as/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [Absent a lot of surprises, stocks are relatively predictable over twenty years. As to whether they're going to be higher or lower in two…](https://sms4smile.com/quotes/peter-lynch/absent-a-lot-of-surprises-stocks-are-relatively-predictable-over/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [A lot of people got in at the wrong time. A lot of people did very well and some people said, "This is it.…](https://sms4smile.com/quotes/peter-lynch/a-lot-of-people-got-in-at-the-wrong-time-a-lot-of-people-did-very/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from…](https://sms4smile.com/quotes/peter-lynch/all-you-need-for-a-lifetime-of-successful-investing-is-a-few-big/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [Owning stocks is like having children - don't get involved with more than you can handle.](https://sms4smile.com/quotes/peter-lynch/owning-stocks-is-like-having-children-don-t-get-involved-with-more/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [When you sell in desperation, you always sell cheap.](https://sms4smile.com/quotes/peter-lynch/when-you-sell-in-desperation-you-always-sell-cheap/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [“Remember, things are never clear until it’s too late.”](https://sms4smile.com/quotes/peter-lynch/remember-things-are-never-clear-until-it-s-too-late/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [Long-term investing has gotten so popular, it's easier to admit you're a crack addict than to admit you're a short-term investor.](https://sms4smile.com/quotes/peter-lynch/long-term-investing-has-gotten-so-popular-it-s-easier-to-admit-you-re/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [Don't bottom fish.](https://sms4smile.com/quotes/peter-lynch/don-t-bottom-fish/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [It would be wonderful if we could avoid the setbacks with timely exits, but nobody has figured out how to predict them.](https://sms4smile.com/quotes/peter-lynch/it-would-be-wonderful-if-we-could-avoid-the-setbacks-with-timely/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) [Explore all 146 Peter Lynch quotes ](https://sms4smile.com/quotes/author/peter-lynch/) ## More Answers quotes > [The one thing that I keep learning over and over again is that I don't know nothing. I mean, that's my life lesson.](https://sms4smile.com/quotes/dwayne-johnson/the-one-thing-that-i-keep-learning-over-and-over-again-is-that-i-don/) [Dwayne Johnson](https://sms4smile.com/quotes/author/dwayne-johnson/) > [Sometimes a question can hurt more than an answer.](https://sms4smile.com/quotes/sarah-dessen/sometimes-a-question-can-hurt-more-than-an-answer/) [Sarah Dessen](https://sms4smile.com/quotes/author/sarah-dessen/) > [You feed yourself. Make sure you have all the information, whether it's aesthetic, scientific, mathematical, I don't care what it is. Then you walk…](https://sms4smile.com/quotes/ray-bradbury/you-feed-yourself-make-sure-you-have-all-the-information-whether-it-s/) [Ray Bradbury](https://sms4smile.com/quotes/author/ray-bradbury/) > [I have long felt that the way to keep children out of trouble is to keep them interested in things. 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