Visiting stores and testing products is one of the critical elements of the analyst's job.
Peter LynchA lot of people got in at the wrong time. A lot of people did very well and some people said, "This is it. I'll never get back in again." And they maybe meant it, but they probably got back in again anyway.
Peter LynchThe junior high schools and high schools of America have forgotten to teach one of the most important courses of all. Investing.
Peter LynchThe basic story remains simple and never-ending. Stocks aren't lottery tickets. There's a company attached to every share.
Peter LynchA price drop in a good stock is only a tragedy if you sell at that price and never buy more. To me, a price drop is an opportunity to load up on bargains from among your worst performers and your laggards that show promise. If you can't convince yourself "When I'm down 25 percent, I'm a buyer" and banish forever the fatal thought "When I'm down 25 percent, I'm a seller," then you'll never make a decent profit in stocks.
Peter Lynch