Peter Lynch is an American investor, mutual fund manager, and philanthropist.
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You've got to go into places where other investors, and especially fund managers, fear to treat, or, more to the point, invest.
If you invest $1,000 in a stock, all you can lose is $1,000, but you stand to gain $10,000 or even $50,000 over time if you're patient. The average person can concentrate on a few good companies, while the fund manager is forced to diversify. By owning too many stocks, you lose this advantage of concentration. It only takes a handful of big winners to make a lifetime of investing worthwhile.
Investing in stocks is an art, not a science, and people who've been trained to rigidly quantify everything have a big disadvantage.
Investing is fun and exciting, but dangerous if you don't do any work.
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