Thu 13 Jul 2006
According to Peter Lynch:
Quote: “Although it’s easy to forget sometimes, a share is not a lottery ticket… it’s part-ownership of a business.”
the decades to come..
Quote article: “To me, investing isn’t about making a quick buck or taking a punt on a highly risky venture. It’s about buying into strong, well-managed businesses which will grow and prosper over the decades to come. What’s more, I have a long time to win big, because I have about 27 years to go until I reach state retirement age. Hence, as I’m playing a very long game, I need strong, successful companies to make my millions.”
It must be noted that if investing is done right it is not gambling. But it is gambling if you bet all your money on a couple of some of the most hyped stocks.