--- title: "Meaning & Key Takeaway of: The list of qualities (an investor should…" description: "\"The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persi..." image: "https://sms4smile.com/quotes/i/435/peter-lynch-2902_ability_the-list-of-qualities-an-investor-should_1562451.jpg" --- # The list of qualities (an investor should have) include… ![“The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general…” quote by Peter Lynch](https://sms4smile.com/quotes/i/435/peter-lynch-2902_ability_the-list-of-qualities-an-investor-should_1562451.jpg) [Download](https://sms4smile.com/quotes/i/435/peter-lynch-2902_ability_the-list-of-qualities-an-investor-should_1562451.jpg) [Open image](https://sms4smile.com/quotes/i/435/peter-lynch-2902_ability_the-list-of-qualities-an-investor-should_1562451.jpg) > “The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic.” [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. Successful investing requires a blend of personal discipline, emotional control, and independent thinking to navigate market volatility. **In simple terms:** Investors need patience, humility, and independent research. Key Takeaway Cultivate self‑reliance and stay calm during market swings. Themes investing discipline emotional control independence humility Mood cautious analytical reflective Type advice strategic philosophical When to use this quote - stock selection - portfolio management - market downturns - personal finance - research projects Key Concepts behavioral finance risk tolerance decision making Questions to Reflect On - How do you balance independent research with learning from others? - When might humility outweigh confidence? A Different Perspective Overemphasis on independence may lead to isolation from valuable advice. ★ ★ ★ ★ ★ No ratings yet [Ability](https://sms4smile.com/quotes/about/ability/) [Common](https://sms4smile.com/quotes/about/common/) [Common sense](https://sms4smile.com/quotes/about/common-sense/) [Detachment](https://sms4smile.com/quotes/about/detachment/) [Equal](https://sms4smile.com/quotes/about/equal/) [Failure](https://sms4smile.com/quotes/about/failure/) [Flexibility](https://sms4smile.com/quotes/about/flexibility/) [Humility](https://sms4smile.com/quotes/about/humility/) [Independent](https://sms4smile.com/quotes/about/independent/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investor Include](https://sms4smile.com/quotes/about/investor-include-5863676/) [Investors](https://sms4smile.com/quotes/about/investors/) [List Qualities](https://sms4smile.com/quotes/about/list-qualities-1406744/) [Lists](https://sms4smile.com/quotes/about/lists/) [Mistake](https://sms4smile.com/quotes/about/mistake/) [Open mindedness](https://sms4smile.com/quotes/about/open-mindedness/) [Pain](https://sms4smile.com/quotes/about/pain/) [Panic](https://sms4smile.com/quotes/about/panic/) [Patience](https://sms4smile.com/quotes/about/patience/) [Persistence](https://sms4smile.com/quotes/about/persistence/) [Qualities](https://sms4smile.com/quotes/about/qualities/) [Qualities Investor](https://sms4smile.com/quotes/about/qualities-investor-5863675/) [Quality](https://sms4smile.com/quotes/about/quality/) [Reliance](https://sms4smile.com/quotes/about/reliance/) [Research](https://sms4smile.com/quotes/about/research/) [Self](https://sms4smile.com/quotes/about/self/) [Self reliance](https://sms4smile.com/quotes/about/self-reliance/) [Should](https://sms4smile.com/quotes/about/should/) [Should have](https://sms4smile.com/quotes/about/should-have/) [Tolerance](https://sms4smile.com/quotes/about/tolerance/) [Willingness](https://sms4smile.com/quotes/about/willingness/) ## Related quotes > [“You're not crazy. 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It gives me an artistic…](https://sms4smile.com/quotes/george-carlin/i-sort-of-gave-up-on-this-whole-human-adventure-a-long-time-ago/) [George Carlin](https://sms4smile.com/quotes/author/george-carlin/) > [“Subhuti, someone might fill innumerable worlds with the seven treasures and give all away in gifts of alms, but if any good man or…](https://sms4smile.com/quotes/siddh-rtha-gautama/subhuti-someone-might-fill-innumerable-worlds-with-the-seven/) [Siddhārtha Gautama](https://sms4smile.com/quotes/author/siddh-rtha-gautama/) > [Plato dramatically puts the detachment of the philosopher from his time this way: to philosophize is to prepare to die.](https://sms4smile.com/quotes/rebecca-goldstein/plato-dramatically-puts-the-detachment-of-the-philosopher-from-his/) [Rebecca Goldstein](https://sms4smile.com/quotes/author/rebecca-goldstein/) > [The appeal of the spectrally macabre is generally narrow because it demands from the reader a certain degree of imagination and a capacity for…](https://sms4smile.com/quotes/h-p-lovecraft/the-appeal-of-the-spectrally-macabre-is-generally-narrow-because-it/) [H. 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You need to be free and detached from things and your…](https://sms4smile.com/quotes/charlotte-eriksson/you-need-to-belong-to-yourself-and-let-others-belong-to-themselves/) [Charlotte Eriksson](https://sms4smile.com/quotes/author/charlotte-eriksson/) > [“Frequently, when I suggest to people that they detach from a person or problem, they recoil in horror. “Oh, no!” they say. “I could…](https://sms4smile.com/quotes/melody-beattie/frequently-when-i-suggest-to-people-that-they-detach-from-a-person-or/) [Melody Beattie](https://sms4smile.com/quotes/author/melody-beattie/) > [She watched the prairies the rivers, the towns slipping past at an untouchable distance below - and she noted that the sense of detachment…](https://sms4smile.com/quotes/ayn-rand/she-watched-the-prairies-the-rivers-the-towns-slipping-past-at-an/) [Ayn Rand](https://sms4smile.com/quotes/author/ayn-rand/) ## 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 Ability quotes > [I don't think there's a direct correlation between my sexuality and my skiing ability. But I think because I was so concerned about it…](https://sms4smile.com/quotes/gus-kenworthy/i-don-t-think-there-s-a-direct-correlation-between-my-sexuality-and/) [Gus Kenworthy](https://sms4smile.com/quotes/author/gus-kenworthy/) > [“the importance of ability. The things that make a great job great, I discovered, are rare and valuable. If you want them in your…](https://sms4smile.com/quotes/cal-newport/the-importance-of-ability-the-things-that-make-a-great-job-great-i/) [Cal Newport](https://sms4smile.com/quotes/author/cal-newport/) > [Ambition drives you on, ability certainly helps, but the fickle finger of fate and luck are great things.](https://sms4smile.com/quotes/fergus-henderson/ambition-drives-you-on-ability-certainly-helps-but-the-fickle-finger/) [Fergus Henderson](https://sms4smile.com/quotes/author/fergus-henderson/) > [The ability of the gospel to unite us on common strengths and common truths is one of the great miracles . . . of the gospel.](https://sms4smile.com/quotes/jeffrey-r-holland/the-ability-of-the-gospel-to-unite-us-on-common-strengths-and-common/) [Jeffrey R. Holland](https://sms4smile.com/quotes/author/jeffrey-r-holland/) > [Maybe law enforcement would like the ability to turn on the camera on your Mac.](https://sms4smile.com/quotes/tim-cook/maybe-law-enforcement-would-like-the-ability-to-turn-on-the-camera-on/) [Tim Cook](https://sms4smile.com/quotes/author/tim-cook/) > [I've seen guys come along with more ability - they've been faster or bigger or stronger - but they never worked hard to develop…](https://sms4smile.com/quotes/steve-largent/i-ve-seen-guys-come-along-with-more-ability-they-ve-been-faster-or/) [Steve Largent](https://sms4smile.com/quotes/author/steve-largent/) > [The youth of India has the strength to move the entire World with a click of a mouse, we have generated that ability!](https://sms4smile.com/quotes/narendra-modi/the-youth-of-india-has-the-strength-to-move-the-entire-world-with-a/) [Narendra Modi](https://sms4smile.com/quotes/author/narendra-modi/) > [Time hath not yet so dried this blood of mine, Nor age so eat up my invention, Nor fortune made such havoc of my…](https://sms4smile.com/quotes/william-shakespeare/time-hath-not-yet-so-dried-this-blood-of-mine-nor-age-so-eat-up-my/) [William Shakespeare](https://sms4smile.com/quotes/author/william-shakespeare/) > [An absolutely necessary part of a writer's equipment, almost as necessary as talent, is the ability to stand up under punishment, both the punishment…](https://sms4smile.com/quotes/irwin-shaw/an-absolutely-necessary-part-of-a-writer-s-equipment-almost-as/) [Irwin Shaw](https://sms4smile.com/quotes/author/irwin-shaw/) > [I'd be more frightened by not using whatever abilities I'd been given. I'd be more frightened by procrastination and laziness.](https://sms4smile.com/quotes/denzel-washington/i-d-be-more-frightened-by-not-using-whatever-abilities-i-d-been-given/) [Denzel Washington](https://sms4smile.com/quotes/author/denzel-washington/) > [Bring into captivity every thought to the obedience of Christ. Take what I cannot give: my heart, body, thoughts, time, abilities, money, health, strength,…](https://sms4smile.com/quotes/elizabeth-prentiss/bring-into-captivity-every-thought-to-the-obedience-of-christ-take/) [Elizabeth Prentiss](https://sms4smile.com/quotes/author/elizabeth-prentiss/) > [You can only do the work to the very best of your ability.](https://sms4smile.com/quotes/christine-baranski/you-can-only-do-the-work-to-the-very-best-of-your-ability/) [Christine Baranski](https://sms4smile.com/quotes/author/christine-baranski/) > [Judge a person not by his ability to make money but by his ability to retain it.](https://sms4smile.com/quotes/vikrant-parsai/judge-a-person-not-by-his-ability-to-make-money-but-by-his-ability-to/) [Vikrant Parsai](https://sms4smile.com/quotes/author/vikrant-parsai/) > [Balance is the ability to be happy in the midst of the most chaotic or even boring or transient circumstance.](https://sms4smile.com/quotes/frederick-lenz/balance-is-the-ability-to-be-happy-in-the-midst-of-the-most-chaotic/) [Frederick Lenz](https://sms4smile.com/quotes/author/frederick-lenz/) > [Bobby had faith in my ability as a singer.](https://sms4smile.com/quotes/julie-london/bobby-had-faith-in-my-ability-as-a-singer/) [Julie London](https://sms4smile.com/quotes/author/julie-london/) [Browse all 9,990 Ability quotes ](https://sms4smile.com/quotes/about/ability/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic.", "creator": { "@type": "Person", "name": "Peter Lynch" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/peter-lynch/the-list-of-qualities-an-investor-should-have-include-patience-self/", "about": { "@type": "Thing", "name": "Ability" }, "@id": "https://sms4smile.com/quotes/peter-lynch/the-list-of-qualities-an-investor-should-have-include-patience-self/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/435/peter-lynch-2902_ability_the-list-of-qualities-an-investor-should_1562451.jpg", "contentUrl": "https://sms4smile.com/quotes/i/435/peter-lynch-2902_ability_the-list-of-qualities-an-investor-should_1562451.jpg", "url": "https://sms4smile.com/quotes/i/435/peter-lynch-2902_ability_the-list-of-qualities-an-investor-should_1562451.jpg", "width": 1080, "height": 1080, "caption": "“The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance…” — Peter Lynch", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Peter Lynch", "item": "https://sms4smile.com/quotes/author/peter-lynch/" }, { "@type": "ListItem", "position": 4, "name": "The list of qualities (an investor...", "item": "https://sms4smile.com/quotes/peter-lynch/the-list-of-qualities-an-investor-should-have-include-patience-self/" } ], "@id": "https://sms4smile.com/quotes/peter-lynch/the-list-of-qualities-an-investor-should-have-include-patience-self/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```