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Peter Lynch's Quotes

Overview

Managed Fidelity Magellan through one of the most famous mutual fund runs.

Style

Growth at a reasonable price, consumer insight, company stories

Firm

Fidelity Magellan Fund

Period

1944-

Peter Lynch

Quotes

Memorable ideas rewritten as practical investing lessons.

Memorable ideas

Instead of memorizing quotes, convert Peter Lynch's ideas into concrete actions. A memorable line only matters if it improves decisions.

Find opportunities in businesses you can understand, but only buy when the growth story is backed by business numbers.

Understand the business before buying the stock.

The growth story must be confirmed by numbers.

Classify stocks by growth, cyclicality, turnaround, or asset value.

Do not buy only because of rumors or attractive names.