Peter Lynch

“You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.”

“A stock market decline is as routine as a January blizzard in Colorado. If you're prepared, it can't hurt you.”

“Know what you own, and know why you own it.”

“Go for a business that any idiot can run – because sooner or later, any idiot probably is going to run it.”

“In the stock market, the most important organ is the stomach. It's not the brain.”

“The key to making money in stocks is not to get scared out of them.”

“Behind every stock is a company. Find out what it's doing.”

“If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand.”

“The person that turns over the most rocks wins the game. And that's always been my philosophy.”

“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.”

“Never invest in any idea you can't illustrate with a crayon.”

“Investing is fun, exciting, and dangerous if you don't do any work.”

“Although it's easy to forget sometimes, a share is not a lottery ticket... it's part-ownership of a business.”

“If you don't study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.”

“Absent a lot of surprises, stocks are relatively predictable over twenty years. As to whether they're going to be higher or lower in two to three years, you might as well flip a coin to decide.”

“Often, there is no correlation between the success of a company's operations and the success of its stock over a few months or even a few years.”