A Quote by Peter Lynch
Stocks are a safe bet, but only if you stay invested long enough to ride out the corrections.
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Stocks are a safe bet, but only if you stay invested long enough to ride out the . that squares with the facts, and with the historical record
Brand-name growth stocks ordinarily command the highest p/e ratios. Rising prices beget attention, and vice versa - but only to a point. Eventually their growth rate can diminish as results revert towards normal. Maybe not in all cases, but often enough to make a long-term bet. Bottom line: I wouldn't want to get caught in a rush for the exit, much less get left behind. Only when big growth stocks fall into the dumper from time to time am I inclined to pick them up - and even then, only in moderation.
There is a lot of pressure and you're trying to find the right jockey. These guys ride all year long and they can't stay up all the time. They stay up, then they go down. But me, I ride it out.
Nowadays, most educated people would just as soon stay home and watch 'Breaking Bad' as shell out a hundred bucks to see a Broadway play - assuming that there are any plays on Broadway worth seeing, which long ago ceased to be a safe bet.
I'm big into stocks. I've invested in a lot of stocks. One day I was talking to my accountant, and he was like, "Yo, what if I could turn a million dollars into $20 million?"
An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities - at full prices they couldn't buy enough of them. In 1974, after the bottom had fallen out, they committed a then record low of 21% to stocks.
One of our big challenges with the newsletter is that everyone thinks big stocks are safe. That's not true at all. They're only safe if the money is flowing there.
I don't invest in the stock market. I did it a long, long time ago when I was really young, and I got involved in all the investigations and all the prosecutions, and I felt it was better if I didn't make individual investments. So I'm invested in funds, but not in individual - not in individual stocks.
I got interested in the American culture war back in 2004, and it's one of the only growth stocks I've ever invested in.
People in the news media after I got caught said how could you have not caught this guy? He had 50 corrections in four years. That's a lot of corrections. Well what they failed to look at is how many stories there were and out of 700 plus stories, 50 corrections is not a high amount.
Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.
Everyone wants to be safe. Well, I got news for you: You can't be safe. Life's not safe. Your work isn't safe. When you leave the house, it isn't safe. The air you breathe isn't going to be safe, not for very long. That's why you have to enjoy the moment.
I'm home and safe and filled with the comfort of being somewhere I've already been. The ruckus of homecoming is brutally enjoyable and everyone makes me feel like a champion. And all I had to do was stay away long enough.
In an ideal world, the intelligent investor would hold stocks only when they are cheap and sell them when they become overpriced, then duck into the bunker of bonds and cash until stocks again become cheap enough to buy.
When the world throws you too much information, the only way you can stay sane or survive is to look for pattern recognition. Amidst all the blurs, is there a constellation that emerges, is there a straight line that's emerging. I think as long as you keep your mind in the palce where you're actively looking for patterns, you may not be safe, but you're going to feel safe, I think.
I always say that when I see that needle start to go in the other direction, when people have had enough of me, I'm going to be smart enough to say goodbye. It's such a joyous ride to be on top, and it takes away from that ride if you sort of ride it down.
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