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.
View this figure's profile
Peter Lynch's Other Quotes
Invest in what you know.
Know what you own, and know why you own it.
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
I want to own companies where, if the stock market shut down for ten years, I'd be happy holding them.
-- Bruce Berkowitz
It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.
-- Charlie Munger
The big money is not in the buying and selling, but in the waiting.
-- Charlie Munger
Our favorite holding period is forever.
-- Warren Buffett
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