The extravagance of any corporate office is directly proportional to management's reluctance to reward the shareholders.
Peter LynchAll the time and effort people devote to picking the right fund, the hot hand, the great manager have, in most cases, led to no advantage.
Peter LynchBargains are the holy grail of the true stockpicker. The fact that 10 to 30 percent of our net worth is lost in a market sell-off is of little consequence. We see the latest correction not as a disaster but as an opportunity to acquire more shares at low prices. This is how great fortunes are made over time.
Peter Lynch