Peter Lynch

25/6 Rules of Investing (from One Up on Wall Street):

• Investing is fun.
• Your investor's edge is something you already have.
• You can beat the market if you avoid the herd.
• Behind every stock is a company.
• Often there is no correlation between the success of a company's operations and its stock price over a few months. However, over the long run there is 100% correlation between the success of a company's operations and its stock price.
• Long shots almost always miss the mark.
• Owning stocks is like having children--don't have more than you can handle.
• If you can not find companies that you think are attractive keep your money in the bank.
• Never invest in a company without understanding its finances.
• Avoid hot stocks in hot industries. Great companies in cold, non-growth industries are always big winners.
• With small companies, wait until they turn a profit.
• It only takes a handful of big winners to make a lifetime of investing worthwhile.
• A stock market decline is as routine as a January blizzard in Colorado. Be prepared.
• Everyone has the brain power to invest in stocks. Not everyone has the stomach.
• There is always something to worry about.
• No one can predict interest rates, the future direction of the economy or the stock
• market.
• There are always companies whose achievements are being overlooked by the market.
• If you do not study companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.