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

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

Book by Peter Lynch · 4 quotes · Investing, Ifs, Company

Filter quotes by topic

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

“Logic is the subject that has helped me most in picking stocks, if only because it taught me to identify the peculiar illogic of Wall Street. Actually Wall Street thinks just as the Greeks did. The early Greeks used to sit around for days and debate how many teeth a horse has. They thought they could figure it out just by sitting there, instead of checking the horse. A lot of investors sit around and debate whether a stock is going up, as if the financial muse will give them the answer, instead of checking the company.”

“Twenty years in this business convinces me that any normal person using the customary three percent of the brain can pick stocks just as well, if not better, than the average Wall Street expert.”

“There seems to be an unwritten rule on Wall Street: If you don't understand it, then put your life savings into it. Shun the enterprise around the corner, which can at least be observed, and seek out the one that manufactures an incomprehensible product.”