If you can find a company that can get away with raising prices year after year without losing customers (an addictive product such as cigarettes fills the bill), you've got a terrific investment.
Peter LynchThe basic story remains simple and never-ending. Stocks aren't lottery tickets. There's a company attached to every share.
Peter LynchI don't know anyone who said on their deathbed: 'Gee, I wish I'd spent more time at the office.'
Peter LynchOften, 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