"Most people have the brain power - almost everybody has the brain power to make money in the stock market. The question is whether you have the stomach for it. Whether you're willing to do a little bit of work. Those are the key elements. It's not that hard." Peter Lynch
"You can never predict the economy, you can't predict the stock market. But when you look at Dunkin' Donuts, you say 'they're the best donut chain.' You don't have to worry about Korean imports or what's happening with M1."
"You have to be very careful. Some stocks in the next 20 years, a lot of money is going to be made. A lot of money is going to be lost. People that gamble, that buy options. What a tragedy if you're right on a company and you have a three month option on, or a six month option."
"Time is on your side if you own the right companies and you follow them."
"It's like playing poker without looking your cards. They own companies and they don't look at they own. They call the broker twice a day to get the price of the stock. That doesn't count."
"It's like playing poker without looking your cards. They own companies and they don't look at they own. They call the broker twice a day to get the price of the stock. That doesn't count."
"You have to do a little bit of work. Look at why do you own this company. The reason is 'this sucker is going to go up.' That's not a very good reason."
"People spend so much time predicting the big picture. What the economy's going to do, what interest rates are going to do. Alan Greenspan heads the Federal Reserve and he doesn't know what's going to happen with interest rates. How the heck am I supposed to know?"
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