Peter Lynch

Peter Lynch (born January 19, 1944) is an American investor, mutual fund manager, philanthropist, and author.

Quotes

• When somebody says, "Any idiot could run this joint," that's a plus as far as I'm concerned, because sooner or later any idiot probably is going to be running it.
  • One Up On Wall Street (1989)

• If you don't understand a company, if you can't explain it to a ten-year-old in 2 minutes or less, don't own it.
  • Peter Lynch interviewed by Charlie Rose. charlierose.com (March 4, 1993). (quote at 6:54 of 19:35)

• Since the early 1980s, the Berkshire annual reports have informed shareholders of the performance of the holdings of the company and new investments, updated the status of the insurance and the reinsurance industry, and (since 1982) have listed acquisition criteria about business Berkshire would like to purchase. The report is generously laced with examples, analogies, stories, and metaphors containing the do's and dont's of proper investing in stocks.
  • Foreword, The Warren Buffett Way by Robert G. Hagstrom (1995), p. xiii [1]

• Corporate profits will be a lot higher 10 years from now. They'll be a lot higher 20 years from now. That's what you can rely on. Microsoft didn't exist 20 years ago. Staples didn't exist 20 years ago—Federal Express didn't exist 20 years ago. New companies will come along. That's what makes stocks go up.
  • Peter Lynch interviewed by Charlie Rose. charlierose.com (October 28, 1997). (quote at 11:26 of 12:57)

• There's no point paying Yo-Yo Ma to play a radio.
  • Beating the Street (1993), p. 58