In 1966, Peter Lynch began as an intern with Fidelity Investments. In marketing business, if you score 6 out of 10, you are good. In business, competition is never as healthy as total domination. Peter Lynch: There will be bumps in the road. You will never score 9 out of 10. Lynch didn't try to market time or predict the direction of the overall economy. Market timing is alluring because it makes you feel smart to sell before prices come down and avoiding losses as a result. But very little has got lost in real corrections. Unless you're just completely oblivious, you've seen firsthand the shake-ups in the market that followed the financial crisis. If timing the market is such a great strategy, why haven't we seen the names of any market timers at the top of the Forbes list of richest Americans? October 05, 2020. Peter Lynch is the GOAT ... We sat down for 40 minutes – not nearly enough time – to discuss his many investing, stock picking and market timing ideas. Peter Lynch quotes Showing 1-30 of 79. Peter Lynch Quotes Quote Categories. If you're lucky enough to have been rewarded … In doing research for this post I came across a startling realization: most of the investing quotes I found online were either misattributed, misquoted, or had no reliable sources whatsoever. Peter Lynch held one of the best investment returns in the mutual fund industry but he retired a long time ago. In fact, Lynch once conducted a study to determine whether market timing was an effective strategy. When you start to confuse Freddie Mac, Sallie Mae, and Fannie Mae with members of your family, and you remember 2,000 stock symbols but forget the children's birthdays, there's a good chance you've become too wrapped up in your work. “The trick is not to learn to trust your gut feelings, but rather to discipline yourself to ignore them. Stand by your stocks as long as the fundamental story of the company hasn’t changed.”. Business Quotes by Peter Lynch 34. 19. 36. There is a vast amount of research showing that trying to time the market is generally a waste of time and effort. "You get recessions, you have stock market declines. Check out this gem from page 23 of Peter Lynch’s classic “One Up On Wall Street” that explains the wisdom of always staying fully invested: “If you put $100,000 in stocks on July 1, 1994, and stayed fully invested for five years, your $100,000 grew into $341,722. Peter Lynch: Why Buy-And-Hold Investing Beats Market Timing. That does not stop investors and Wall Street analysts from trying. A lot of money has been wasted by investors getting ready for correction or looking for ways to get corrected. He has cautioned about market timing on several occasions. Peter Lynch Quotes on Market Timing. Here are ten of his best investing quotes: “Whenever you invest in any company, you’re looking for its market cap to rise. 35. “Whenever you invest in any company, you’re looking for its market cap to rise. He got his foot in the door because he caddied at Brae Burn Country Club in West Newton, Massachusetts, for Fidelity’s president at the time, George Sullivan. Peter Lynch's advice on why it does not make sense to try and time the market. After returning from a two-year stint in the U.S. Army in 1969, Lynch got on full time with Fidelity. 20. None of those ideas would be unfamiliar to anyone who has read any of his 3 best-selling books. 19. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets." Peter Lynch said that a $1,000 buy and hold investment in his Magellan fund on May 31, 1977, would have been worth $28,000 by 1990. You feel smart to sell before prices come down and avoiding losses as result. Beats market timing followed the financial crisis seen firsthand the shake-ups in the.... Score 6 out of 10, you 've seen firsthand the shake-ups in the market a waste of time effort. 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