You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.
Peter LynchNever invest in a company without understanding its finances. The biggest losses in stocks come from companies with poor balance sheets.
Peter LynchThe basic story remains simple and never-ending. Stocks aren't lottery tickets. There's a company attached to every share.
Peter Lynch