Peter Lynch Quotes

200 Peter Lynch Quotes

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Never invest in any idea you can’t illustrate with a crayon.
Peter Lynch

All else being equal, invest in the company with the fewest colour photographs in the annual report.
Peter Lynch

Gentlemen who prefer bonds don’t know what they’re missing.
Peter Lynch

The insider has only one reason to buy: to make money.
Peter Lynch

The way you lose money in the stock market is to start off with an economic picture. I also spend fifteen minutes a year on where the stock market is going. All these great, heady, thinking deals kill you.
Peter Lynch

Don’t rip up my volvo idea.
Peter Lynch

I gotta read four annual reports by tomorrow.
Peter Lynch

Even when a company just moves up from doing mediocre business to doing fair business, you can make money.
Peter Lynch

You don’t get hurt by things that you don’t own that go up. It’s what you do own that kills you.
Peter Lynch

If I look at ten companies, I may find one company that is interesting. If I look at twenty companies then I may find two. If I look at forty, I may find four. If I look at one hundred, I may find ten.
Peter Lynch



You have to be a good listener in this business.
Peter Lynch

The best results flow from a progression of surprises.
Peter Lynch

Ask the man you are interviewing about his rivals across the street. It isn’t too significant when the competitors pan a company, but it is important when they say something nice about it.
Peter Lynch

It makes a great deal of difference how much the person who tells you a story actually knows.
Peter Lynch

A company, will rarely go bust in the face of heavy insider buying.
Peter Lynch

The very best way to make money in a market is in a small growth company that has been profitable for a couple of years and simply goes on growing.
Peter Lynch

I don’t even want to be in the position where I make one big decision. I’d like to make a couple of small decisions every day.
Peter Lynch

You have to know when you’re wrong. Then you sell. Most stocks I buy are a mistake.
Peter Lynch

I spend about fifteen minutes a year on economic analysis.
Peter Lynch

We don’t make economic judgements.
Peter Lynch



We don’t have somebody here saying we’re going to have a recession, so you can’t buy electronic stocks, or we’re going to have a boom, so you should buy Colgate-Palmolive. Nobody called me to tell me about the recession in 1980 and 1981.
Peter Lynch

The GNP six months out is just malarkey. How is the sneaker industry doing? That’s real economics.
Peter Lynch

The options market is a gigantic, useless, expensive gambling casino.
Peter Lynch

All the tips I’ve gotten on takeovers have been wrong.
Peter Lynch

I’ve had takeovers, but they’ve always been surprises.
Peter Lynch

If a company has a good balance sheet when I buy it, that gives me a big edge. If it doesn’t turn around I can lose a third of what I invest. But if it does turn around, then I can do very well indeed.
Peter Lynch

I would think you’d be better off with good quality, medium sized, and smaller growth companies.
Peter Lynch

To make money, you must find something that nobody else knows, or do something that others won’t do because they have rigid mind-sets.
Peter Lynch

You remind yourself that nobody on his deathbed ever said, ‘I’d wish I’d spent more time at the office.’
Peter Lynch

What sells in one town is almost guaranteed to sell in another.
Peter Lynch



French brokers are terrible. You analyse a company division by division, and you find that it cannot possibly realise the projections made by the brokers. They’ve pulled the figures out of a hat.
Peter Lynch

I can’t say that dividends are something I feature.
Peter Lynch

There’s never been a market timer on it [Forbes Rich list]. If it were truly possible to predict corrections, you’d think somebody would have made billions by doing it.
Peter Lynch

‘Very cheap statistically’ can be a real trap.
Peter Lynch

Book value can be hopelessly misleading. There is nothing in the balance sheet of Coca-Cola for the goodwill of the name and the logo, for instance. So even figures may in reality be very subjective.
Peter Lynch

A market player has 50 percent of his portfolio in cash at the bottom of the market. When the market moves up, he can miss most of the move.
Peter Lynch

If a stock goes up, because it’s had a road show or for some other reason, but the fundamentals are unchanged, then I’ll sell it and add to the others in the category.
Peter Lynch

You’ve got to go into places where other investors, and especially fund managers, fear to treat, or, more to the point, invest.
Peter Lynch

As a place to invest, I’ll take a lousy industry over a great industry any time. Why? Because in a lousy industry, the weak drop out and the survivors get a bigger share of the market.
Peter Lynch

My stock picking method, which involves elements of art and science plus legwork, hasn’t changed in twenty years.
Peter Lynch



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