Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.
Investors
Peter Lynch
Peter Lynch ran Fidelity's Magellan Fund (1977-1990), averaging 29.2% annual returns and growing assets from $18M to $14B. His invest-in-what-you-know credo and tenbagger concept became mantras for retail investors.
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Peter Lynch's Other Quotes
Know what you own, and know why you own it.
Invest in what you know.
In this business, if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.
The key to making money in stocks is not to get scared out of them.
Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.
Related Quotes
Our time horizon is five years. We are not focused on the next quarter.
-- Cathie Wood
The key to making money in stocks is not to get scared out of them.
-- Peter Lynch
The single greatest edge an investor can have is a long-term orientation.
-- Seth Klarman
Have patience. Stocks don't go up immediately.
-- Walter Schloss
Buy stocks, take sleeping pills, and stop looking at the papers. After many years you will see: you are rich.
-- André Kostolany
The best time to invest is when you have money. The best time to sell is when you need money.
-- Mark Mobius