Peter Lynch on different types of stocks.
1) Ideas can come from anywhere.
2) If you can't find any companies that you think are attractive, put your money in the bank until you discover some.
3) All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don’t work out.
4) Time is on your side when you own shares of superior companies.
5) Know what you own, and know why you own it.
6) The simpler it is, the better I like it.
Books:
1) One up on wall street.
2) Learn to Earn.
3) Beating the street.
Quote:
Everyone has the brain power to make money in stocks. Not everyone has the stomach.
Philosophy:
The person that turns over the most rocks wins the game. And that's always been my philosophy.
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