A Quote by Peter Lynch
You only need a few good stocks in your lifetime. I mean how many times do you need a stock to go up ten-fold to make a lot of money? Not a lot.
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My percentage of winners is only about 50/50, because I cut my losers very quickly. The maximum loss I allow is 7%, and usually I am out of a losing stock a lot quicker. I make my money on the few stocks a year that double and triple in price. The profits in those trades easily makes up for all the small losers.
When you have a lot of money, there's so many places you can go to manage your money. But when you don't have money, mathematically you actually need a financial plan more. You can't really afford to make mistakes. So why is this such a luxury product?
For all your long-term investments, such as retirement accounts that you won't touch for at least ten years, you need a mix of stocks and bonds. Stocks offer the best shot at inflation-beating gains. But stocks don't always go up. That's where bonds come into play: They have less upside potential, but they also do not pack the same risk.
I think that stocks have been this tremendous, tremendous equalizer for people in this country. Guys who can't make a lot of money at their jobs have been able to make a lot of money in the stock market.
A lot of people at Shearson ended up making a lot of money because they had stock or stock options. Their kids were able to go to college, and it changed a lot of people's lives.
It's hard for women who make a lot of money and make decisions all day long, then they have to come home and be 'Stupid Sally.' Men need respect, and they need to know that they can lead in the relationship, so even if they don't make the most money they need to be able to call the shots.
Stocks always go down much faster than they go up. That's why it's called a crash. People who put their money into the stocks will find, all of a sudden, that stock prices are no longer being supported by the debt leveraging that's been holding them up.
If you hope to have more money tomorrow than you have today, you've got to put a chunk of your assets into stocks. Sooner or later, a portfolio of stocks or stock mutual funds will turn out to be a lot more valuable than a portfolio of bonds or CDs or money-market funds.
People complain that pro athletes make a lot of money; but what they don't understand is that we need a lot of money because we spend a lot of money.
Look, rich people already have a lot of money. There's literally trillions of dollars in cash held by corporations, their stock valuations at an all-time high. They do not need a tax cut to do anything. They can invest now, if they wanted to. They don't want to, because they can make more money just by mergers and stock buybacks and stuff like that. So, this is really just sort of a travesty.
There are three things you need to be a good writer: you need to read a lot, you need to write a lot, and you need a lot of feedback.
I work a lot, and I prepare a lot. I think that's really important when you live in LA, to go the extra mile for whatever it is that you're trying to achieve. You realize out here that when you stop moving so fast, it's a lot harder than you thought. A lot of hard work has to go into your career, and preparation, and being your best at all times. I think you just have to always present yourself at your best, and you just need to be prepared all the time. Looking good, and feeling good, and being positive, and being in the right set of mind to accept whatever comes your way.
I think there are a lot of people out there that are speculating in the stock market. They have all kinds of tech stocks or social media stocks. If you want to gamble in the stock market, I would much rather gamble on a mining stock than a social media stock.
A lot of women feel it's a man's world. Some people think all you need to do is marry a rich guy, and you don't need to do anything with your life. I would hate that. I don't care whether he has money or he doesn't, because I don't need it, and that's a good feeling that I don't have to worry about that.
If I only have ten minutes, Sam, this is what I want to say. You're not the best of us. You're more than that. You're better than all of us. If I only have ten minutes, I would tell you to go out there and live. I'd say...please take your guitar and sing your songs to as many people as you can. Please fold a thousand more of those damn birds of yours. Please kiss that girl a million times.
We need to throw the resources at this that are necessary. But like I say, we are not spending money. I mean, if we buy these assets intelligently, the United States Treasury will make money. I mean, it's borrowing money. It's just a few percent a year.
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