In The Long Run, A Portfolio Of

There Are Substantial Rewards For Adopting A Regular Routine Of Investing And Following It No Matter What, And Additional Rewards For Buying More Shares When Most Investors Are Scared Into Selling.

Bargains Are The Holy Grail Of The True Stockpicker. The Fact That 10 To 30 Percent Of Our Net Worth Is Lost In A Market Sell-off Is Of Little Consequence. We See The Latest Correction Not As A Disaster But As An Opportunity To Acquire More Shares At Low Prices. This Is How Great Fortunes Are Made Over Time.

The Typical Big Winner In The Lynch Portfolio Generally Takes Three To Ten Years To Play Out.

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.

Just Because You Buy A Stock And It Goes Up Does Not Mean You Are Right. Just Because You Buy A Stock And It Goes Down Does Not Mean You Are Wrong.