Peter Lynch Quotes

It's a lot of fun finding a country that nobody knows about. The only thing better is finding a country everybody's bullish on and shorting it.

To me, the "tape" is the final arbiter of any investment decision. I have a cardinal rule: Never fight the tape!

He really meant to tell them that the big money was not in the individual fluctuations but in the main movements that is, not in reading the tape but in sizing up the entire market and its trend.

When good news about the market hits the front page of the New York Times, sell.

Fundamentals make the market.

I'm not a Wall Street expert, but I can read the papers.

Predicting the market is always tough.

What turned me on then, and turns me on even today - and when the time comes from me to retire from management I think I'd still be interested in it - is that everything that happens in the world affects the price of securities.

When the man who ought to want a stock doesn't want it, why should I want it?

I don’t know why the Stock Market does what it does.

The markets do numbers, not nuance.

There are two ways to approach the market. You can guess which direction prices will go in next, or you can figure out what businesses and their securities are really worth.

We call ourselves 'opportunistic value investors.'

FISHER SEES STOCKS PERMANENTLY HIGH

The correct attitude of the security analyst toward the stock market might well be that of a man toward his wife. He shouldn't pay too much attention to what the lady says, but he can't afford to ignore it entirely. That is pretty much the position that most of us find ourselves vis-à-vis the stock market.

Outperforming the majority of investors requires doing what they are not doing. Buying when others have despaired, and selling when they are full of hope, takes fortitude.

If stocks are attractive and you don't buy, you don't just look like an idiot, you are an idiot.

Never buy a stock because it has gone up or sell one because it has gone down.

Cheer the bull, or cheer the bear; cheer both, and you will be trampled and eaten.

Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.

Mr. Market is kind of a drunken psycho. Some days he gets very enthused, some days he gets very depressed. And when he get really enthused you sell to him, and if he gets depressed, you buy from him. There's no moral taint attached to that.

The time of maximum pessimism is the best time to buy.

I learned very early in my investing careers: I better not invest in what I want. I better invest in what's happening in the world. Otherwise I'll be broke - dead broke.

Always remember that market quotations are there for convenience, either to be taken advantage of or to be ignored.