The typical big winner in the Lynch portfolio generally takes three to ten years to play out.

I talk to hundreds of companies a year and spend hour after hour in heady pow-wows with CEOs, financial analysts and my colleagues in the mutual-fund business, but I stumble onto the big winners in extracurricular situations, the same way you do.

In the summer of 1990, I was buying stocks and I was probably three or four months early there. But we had a great rally in 1991.

If all the economists in the world were laid end to end, it wouldn't be a bad thing.

You shouldn't just pick a stock - you should do your homework.

Average investors can become experts in their own field and can pick winning stocks as effectively as Wall Street professionals by doing just a little research.

Twenty years in this business convinces me that any normal person using the customary three percent of the brain can pick stocks just as well, if not better, than the average Wall Street expert.