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.

The biggest winners are surprises to me, and takeovers are even more surprising. It takes years, not months, to produce big results.

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.

The typical big winner in the Lynch portfolio generally takes three to ten years to play out.

All the math you need in the stock market you get in the fourth grade.

In business, competition is never as healthy as total domination.

I don't go near the money and the money doesn't go near me.