Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.
More Quotes from Peter Lynch:
I spend about 15 minutes a year on economic analysis. The way you lose money in the stock market is to start off with an economic picture. I also spend 15 minutes a year on where the stock market is going.Peter Lynch
Don't bottom fish.
Peter Lynch
When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.
Peter Lynch
The person that turns over the most rocks wins the game. And that's always been my philosophy.
Peter Lynch
We have concluded that a sale of our Bahamian operation is in the company's best interest as we continue to sharpen our focus on successfully implementing our business plan and preparing to emerge from Chapter 11. Although the 12 stores in the Bahamas are profitable, they are not a core business for us.
Peter Lynch
People were writing off California a couple of years ago, now they have a massive surplus. Canada is running its first surplus in 20 years and Mexico is doing well. Wouldn't you have been shocked if someone told you that the U.S. would have been running a surplus
Peter Lynch
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