summaries

One Up On Wall Street: How to Use What You Already Know to Make Money in the Market

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Know what you own, and know why you own it.Peter Lynch
The real key to making money in stocks is not to get scared out of them.Peter Lynch
In the stock market, the most important organ is the stomach. It's not the brain.Peter Lynch
I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'Peter Lynch
If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes.Peter Lynch
Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.Peter Lynch
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
The best stock to buy may be the one you already own.Peter Lynch
A stock-market decline is as routine as a January blizzard in Colorado. If you're prepared, it can't hurt you.Peter Lynch
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. In the long term, there is a 100 percent correlation between the success of the company and the success of its stock. This disparity is the key to making money; it pays to be patient, and to own successful companies.Peter Lynch