10 Investing Lessons from Peter Lynch

Peter Lynch stands out as one of the best investors of all time, backed by an outstanding track record. He skillfully led the Fidelity Magellan Fund from 1977 to 1990, achieving an annual return of 29.2%.

Here are 10 investing lessons from Peter Lynch:

1. Know what you own.

2. Let your winners run.

3. Learn from your mistakes.

4. All of your stocks will not do well.

5. Go for a business that any idiot can run.

6. Accept periodic losses to win in the long run.

7. If you need the money, don’t invest in stocks.

8. The best stock to buy is the one you already own.

9. Predicting the stock market is a total waste of time.

10. No mathematical formula that can tell you whether a stock will go up or down.