Peter Lynch Quotes

200 Peter Lynch Quotes

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Consider the size of a company if you expect it to profit from a specific product.
Peter Lynch

Look for small companies that are already profitable and have proven that their concept can be replicated.
Peter Lynch

Be suspicious of companies with growth rates of 50 to 100 percent a year.
Peter Lynch

Distrust diversifications, which usually turn out to be diworseifications.
Peter Lynch

Long shots almost never pay off.
Peter Lynch

It's better to miss the first move in a stock and wait to see if a company's plans are working out.
Peter Lynch

People get incredibly valuable fundamental information from their jobs that may not reach the professionals for months or even years.
Peter Lynch

Invest in simple companies that appear dull, mundane, out of favour, and haven't caught the fancy of Wall Street.
Peter Lynch

Moderately fast growers (20 to 25 percent) in nongrowth industries are ideal investments.
Peter Lynch

Look for companies with niches.
Peter Lynch



When purchasing depressed stocks in troubled companies, seek out the ones with the superior financial positions and avoid the ones with loads of bank debt.
Peter Lynch

Companies that have no debt can't go bankrupt.
Peter Lynch

Managerial ability may be important, but it's quite difficult to assess. Base your purchases on the company's prospects, not on the president's resume or speaking ability.
Peter Lynch

A lot of money can be made when a troubled company turns around.
Peter Lynch

Carefully consider the price-earnings ratio. If the stock is grossly overpriced, even if everything else goes right, you won't make any money.
Peter Lynch

Find a story line to follow as a way of monitoring a company's progress.
Peter Lynch

Look for companies that consistently buy back their own shares.
Peter Lynch

Study the dividend record of a company over the years and also how its earnings have fared in past recessions.
Peter Lynch

Look for companies with little or no institutional ownership.
Peter Lynch

All else being equal, favour companies in which management has a significant personal investment over companies run by people that benefit only from their salaries.
Peter Lynch



Insider buying is a positive sign, especially when several individuals are buying at once.
Peter Lynch

Devote at least an hour a week to investment research. Adding up your dividends and figuring out your gains and losses doesn't count.
Peter Lynch

Be patient. Watched stock never boils.
Peter Lynch

Buying stocks based on stated book value alone is dangerous and illusory. It's real value that counts.
Peter Lynch

When in doubt, tune in later.
Peter Lynch

Invest at least as much time and effort in choosing a new stock as you would in choosing a new refrigerator.
Peter Lynch

Sometime in the next month, year, or three years, the market will decline sharply.
Peter Lynch

Market declines are great opportunities to buy stocks in companies you like. Corrections - Wall Street's definition of going down a lot - push outstanding companies to bargain prices.
Peter Lynch

Trying to predict the direction of the market over one year, or even two years, is impossible.
Peter Lynch

To come out ahead you don't have to be right all the time, or even a majority of the time.
Peter Lynch



The biggest winners are surprises to me, and takeovers are even more surprising. It takes years, not months, to produce big results.
Peter Lynch

Different categories of stocks have different risks and rewards. You can make serious money by compounding a series of 20-30 percent gains in stalwarts.
Peter Lynch

Stock prices often move in opposite directions from the fundamentals but long term, the direction and sustainability of profits will prevail. Just because a company is doing poorly doesn't mean it can't do worse.
Peter Lynch

Just because the price goes up doesn't mean you're right.
Peter Lynch

Just because the price goes down doesn't mean you're wrong.
Peter Lynch

Stalwarts with heavy institutional ownership and lots of Wall Street coverage that have outperformed the market and are overpriced are due for a rest or a decline.
Peter Lynch

Buying a company with mediocre prospects just because the stock is cheap is a losing technique.
Peter Lynch

Selling an outstanding fast grower because its stock seems slightly overpriced is a losing technique.
Peter Lynch

Companies don't grow for no reason, nor do fast growers stay that way forever.
Peter Lynch

You don't lose anything by not owning a successful stock, even if it's a ten bagger.
Peter Lynch



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