Peter Lynch on investing

Selling your winners and holding your losers is like cutting the flowers and watering the weeds.

~ Peter Lynch

Peter Lynch on technical analysis

Charts are great for predicting the past. 

~ Peter Lynch

Peter Lynch on skin in the game

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. 

~ Peter Lynch, One Up on Wall Street, p. 143

Peter Lynch on forming an investment thesis

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, and quickly enough so the fifth grader won't get bored. 

~ Peter Lynch, Beating the Street, p. 105

Peter Lynch on investing being a numbers game

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

~ Peter Lynch

Peter Lynch on investing and simplicity

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

~ Peter Lynch

Peter Lynch on the qualities of a good investor

The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic. 

~ Peter Lynch

Peter Lynch on investing: "stick to what you can understand"

The stock market is not like Olympic diving, so you won’t get any points for difficulty.  Stick to what you can understand.

~ Peter Lynch

(Thanks to @BuyandHoldd for tweeting this quote.)

Peter Lynch on investing and doing your homework

If you don't study companies, you have the same success with stocks as you do in a poker game if you don't look at your cards.

~ Peter Lynch

Peter Lynch on the shortage and concentration of growth companies in the economy

There's a real shortage of growth companies.  That is a red flag, because all the money is flowing into [a few companies].  There's an end to that game.  It will scare me if this trend continues for a couple more years.

~ Peter Lynch, "Fidelity's Peter Lynch Speaks Out," Barron's, December 21, 2019