Peter Lynch: 10 Investing Myths

It can't go any lower (it can go a lot lower)
How high can it go? (it can go a lot higher)
They Always Come Back (No they don't)
How much can I lose? If your neighbor invests $10,000 at $50 and you invest $25,000 at $3 and it goes to $0, who loses the most? Surprisingly, many investors can't answer this correctly, says Lynch.
It's always darkest before the dawn. Don't think the business can't get worse.
I will sell after the rebound, after the stock gets back to what I paid for it. (Note: the stock doesn't know you own it.)
I own conservative stocks (I don't have to worry).
I lost money by not buying. (You actually didn't lose anything)
Stock is up, I must be right. Stock is down, I must be wrong.
Avoid long shots. They don't work.

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