A Quote by Peter Lynch
Absent a lot of surprises, stocks are relatively predictable over twenty years. As to whether they're going to be higher or lower in two to three years, you might as well flip a coin to decide.
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Twenty to thirty years ago, who was making documentary films? Nobody. Well, relatively few people. It was an art form that had limited theatrical distribution, if any at all. Some television distribution, but relatively small audiences regardless. And in the intervening years it's become more and more popular with a lot of people.
If you expect to be a net saver during the next 5 years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.
But my system for over 30 years has been this: When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30.
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.
You're going to have twenty years as host of the 'Today Show,' and eighteen of those years are going to be so unbelievably fantastic that you're going to think you're living in a fantasy world. And one or two of those years is going to be incredibly frustrating and challenging.
A man of sixty has spent twenty years in bed and over three years in eating.
There's a lot of money to pay for this ... the oil revenues of that country could bring between $50 and $100 billion over the course of the next two or three years...We're dealing with a country that can really finance its own reconstruction, and relatively soon.
I read the other day that Minor White said it takes twenty years to become a photographer. I think that is a bit of an exaggeration. I would say, judging from myself, that it takes at least eight or nine years. But it does not take any longer than it takes to learn to play the piano or the violin. If it takes twenty years, you might as well forget about it!
Twenty-five years ago my two main target species were goliath tigerfish and arapaima from the Amazon. Each took me six years to track down and catch, over the course of three expeditions to the Congo and six to the Amazon.
Coming to Buffalo three years, two and a half years ago, whatever it's been a lot of people said, 'Why are you going there? You're not going to be able to get it turned around.' But we got it turned around, with a lot of work yet to do.
I think that the current climate enables a lot of musicians to do relatively well. Twenty-five years ago, you could be a bass player in a folk-rock band and do pretty well - that sort of means that you're going to have to go get a day job. But a lot of my friends have learned how to write classical music for movies and produce other people and do remixes, and DJ and go on tour, and do all these different things. The more diverse their approach, the better their chances of actually having a career.
At twenty-seven years old, I was diagnosed HIV. Three years later I decide to dedicate the remainder of my life to art. Leaving work and refusing the assistance of Unemployment Insurance or Welfare, I challenged myself to live completely through my art.
Most people can stay excited for two or three months. A few people can stay excited for two or three years. But a winner will stay excited for twenty or thirty years...or as long as it takes to win.
I spent twenty years in the Army; of course it's going to color the things I talk about. If anyone spends twenty years doing anything, that's going to play a part in who you are as a human being.
I've never met a couple yet who, when they were walking down the aisle, said, 'What we want is three years of happiness, two years of [torment], a messy divorce and 15 years of fighting over custody of the kids.'
What has happened is that we have seen a shift in the past twenty years in the very concept of hacking. So hacking twenty years ago was a neutral, positive concept. Somebody who was a hacker was someone with advanced computer skills, which could expose vulnerabilities and could explain why systems worked well or worked badly and they were generally regarded as an asset. Over the past twenty years, a combination of media and law enforcement has changed the perception of the concept so that it has almost always, if not invariably, a pejorative sense attached.
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