Wednesday, August 27, 2008

Peter Lynch Lyrics: Fixation on Stock Prices is useless

The following notes was taken from a forum posting. If not mistaken the original writings were posted at Wallstraits.com

Lynch Lyrics
Fixation on Stock Prices is useless

"To my mind, the stock price is the least useful information you can track, and it's the most widely tracked. I subscribe to the crusty notion that sooner or later earnings make or break an investment in equities. What the stock price does today, tomorrow, or next week is only a distraction."

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