One Up On Wall Street: How To Use What You Already Know To Make Money In

by Peter Lynch

There seems to be an unwritten rule on Wall Street: If you don’t understand it, then put your life savings into it.

As I look back on it now, it’s obvious that studying history and philosophy was much better preparation for the stock market than, say, studying statistics.

The secret of his success is that he never went to business school—imagine all the lessons he never had to unlearn.

the only thing I know about predicting markets is that every time I get promoted, the market goes down.

“Discounting” is a Wall Street euphemism for pretending to have anticipated surprising developments.

the bladder theory of corporate finance, as propounded by Hugh Liedtke of Pennzoil: The more cash that builds up in the treasury, the greater the pressure to piss it away.

I’ve never bought a future nor an option in my entire investing career, and I can’t imagine buying one now.

know that the large potential return is attractive to many small investors who are dissatisfied with getting rich slow. Instead, they opt for getting poor quick.