Monday, September 8, 2014

Financial Thought of the Day September 8, 2014: Peter Lynch on Doing Your Research

Investing legend Peter Lynch ran the Fidelity Magellan Fund from 1977 to 1990 and earned 29% "annual average return" during that time. He had this to say on doing your due diligence before investing:

"Investing without research is like playing stud poker and never looking at the cards."

Investing without doing your research is basically a random shot in the dark and is not much better than gambling.

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