I think you have to learn that there's a company behind every stock, and that there's only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.
More Quotes from Peter Lynch:
I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'Peter Lynch
People have been looking for recessions for the last five years,
Peter Lynch
It's selling now at 35 times what they're going to earn in 1998 and over 25 times what they're going to earn in the year 2000. There's some relationship between what a company earns and what they grow at.
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
We're not going to go head-to-head with them Wal-Mart, though we do take certain categories, ... We're going to go out there and make sure the difference between us and a Wal-Mart would not be that great...We're focusing on customer service.
Peter Lynch
I don't go near the money and the money doesn't go near me.
Peter Lynch
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Every picture shows a spot with which the artist has fallen in love.Alfred Sisley
I met Sable when she was 15 and I was 18. I sent her home to New York while we carried on the tour. When we got back the police were looking for her at the airport and everywhere!
Johnny Thunders
He taught me never to smile, which helps me when I visit disaster sites.
Emo Philips