When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.
About this quote
- What does it mean?
- Buying attractive stocks is good even if they drop further because timing the bottom is hard.
- In plain terms
- Buy good stocks even if they go lower.
- What can you take from it?
- Buy value even if prices drop more.
Where it applies
Putting it to work
Questions to consider
- How do you know when to buy?
- Can you predict the bottom?
Another view
Some stocks go to zero and attractive prices can sometimes be traps.
More from Peter Lynch
You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.
Permalink to quote #6 I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is th…
Permalink to quote #8 In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.
Permalink to quote #5
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