233 Quotes by Peter Lynch

There's lots of stocks out there and all you need is a few of 'em. That's been my philosophy.

I deal in facts, not forecasting the future. That's crystal ball stuff. That doesn't work.

There's no use diversifying into unknown companies just for the sake of diversity. A foolish diversity is the hobgoblin of small investors. That said, it isn't safe to own just one stock, because in spite of your best efforts, the one you choose might be the victim of unforeseen circumstances. In small portfolios, I'd be comfortable owning between three and ten stocks.

The typical big winner in the Lynch portfolio generally takes three to ten years to play out.

When people discover they are no good at baseball or hockey, they put away their bats and their skates and they take up amateur golf or stamp collecting or gardening. But when people discover they are no good at picking stocks, they are likely to continue to do it anyway.

I'm always fully invested. It's a great feeling to be caught with your pants up.

The S&P is up 343.8 percent for 10 years. That is a four-bagger. The general equity funds are up 283 percent. So it's getting worse, the deterioration by professionals is getting worse. The public would be better off in an index fund.

When management owns stock, then rewarding the shareholders becomes a first priority, whereas when management simply collects a paycheck, then increasing salaries becomes a first priority.

The extravagance of any corporate office is directly proportional to management's reluctance to reward the shareholders.