It's absolute crap that people need to spend 60 hours a week analyzing companies, ... All you need are a few stocks to make money. If you find one stock a year, that's plenty. When I was running Magellan I had to find one a week but that was because I had billions of dollars. The average person needs only a few good stocks in a lifetime.
More Quotes from Peter Lynch:
I don't go near the money and the money doesn't go near me.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
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
Although it's easy to forget sometimes, a share is not a lottery ticket... it's part-ownership of a business.
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
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Based on Topics: Money & Wealth QuotesBased on Keywords: magellan
Anyone can write a story based on the kind of horror where you see a guy in car and then there's the bad guy in the back seat. It's infantile to rely on that for telling a story. That's like going to bed and thinking there's a monster under your bed. It's silly.
Sergio Aragones
Actions are the seed of fate deeds grow into destiny.
Harry S. Truman
I didn't do this for the President. When I had this opportunity, not only was it work, but it was something that I could do, as an actor, for the victims and their families. Something I could give back.
Timothy Bottoms