Friday, August 25, 2006

Peter Lynch on Beating the Street 3

“It isn’t the head but the stomach that determines the fate of the stockpicker.”

“Good information is useless without the willpower. In dieting and in stocks, it is the gut and not the head that determine the results.”

“Keeping the faith and stockpicking are normally not discussed in the same paragraph, but success in the latter depends on the former. You can be the world’s greatest expert on balance sheet or p/e ratios, but without faith, you’ll tend to believe the negative headlines.”

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