Owning stocks is like having children - don't get involved with more than you can handle.
Peter LynchWell, I think the secret is if you have a lot of stocks, some will do mediocre, some will do okay, and if one of two of 'em go up big time, you produce a fabulous result. And I think that's the promise to some people.
Peter LynchIf you have the stomach for stocks, but neither the time nor the inclination to do the homework, invest in equity mutual funds.
Peter LynchIn our society, it's been the men who've handled most of the finances, and the women who've stood by and watched men botch things up.
Peter LynchThe list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic.
Peter Lynch