Peter Lynch Quotes

Mutual funds are an overrated investment heavily promoted by Wall Street.

Mutual funds give people the sense that they're investing with the big boys and that they're really not at a disadvantage entering the stock market.

I like to spend money on investments.

The thing to do with mutual funds is to buy a couple of decent ones, set up an investment plan and then never, ever think about them again, except maybe once a quarter or so when you take a peek at your statements to make sure that you have not accidentally been buying the Fidelity Peace-in-the-Middle-East fund.

Americans no longer look to government for economic security; rather, they look to their portfolios.

I'm very smart, and I have a great team of people around me investing my money. I'm not buying gold - yet.

You have to keep your priorities straight if you plan to do well in stocks.

At first, the only thing that I learned was to save. Then I learned about mutual fund, then later on direct stock investments. I also went into small businesses and even real estate.

I don't think that's changed at all. I think there are a thousand stocks out there that could make you rich, totally independent of what you do for a living.

Investing is for wealth preservation, not wealth creation, so first you have to make wealth.

I've always wanted to invest. That's why I started working on Wall Street in the first place, back in 1986 when I went through the Salomon Brothers training program.

There are two times in a man's life when he should not speculate [on the Stock Market]: when he can't afford it, and when he can.

Money and investing can be complex, confusing, and often boring subjects.

One of the first things I tell people is, if you want to learn about investing, you want to open an account and make real investments because that's when it becomes real.

We shouldn't think anyone needs a Ph.D. in advanced investing in order to begin to invest.

Trust me: it's cool to invest.

I'd say the general outline of a sound investment approach is, first of all, you have to decide are you going to try to be an investor yourself? The answer for most people is probably they shouldn't try. You should put your money in index funds and not try to be a stock picker.

Successful investing is all about common sense.

Investing is pure.

I like Burton Malkiel's 'A Random Walk Down Wall Street.' He comes to the same conclusion that I do - that indexing is the way. My 'Little Book of Common Sense Investing' says pretty much the same thing.

I had done some work on index funds in my senior thesis at Princeton in 1951.

Diversification is your buddy.

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

Some, but much of my money is tied up in Playboy stock.

I like to invest in companies where I can really add value from my experience, network, etc., so checking out my portfolio of other investments, and my background, will generally give some guidance there.