"Predicting the market is a waste of time" - Peter Lynch

Added: 2026-05-18

[00:00:00]People get too carried away.

[00:00:01]And first of all, they try to predict the stock market.

[00:00:04]That is a total waste of time.

[00:00:06]No one can predict the stock market.

[00:00:09]They try to predict interest rates.

[00:00:11]I mean, this is a If anybody predict interest rates right three times in a row, they'd be a billionaire.

[00:00:16]Considering there's not that many billionaires on the planet, it's very you know, I took I had logic so I had a syllogism in the study of these when I was at Boston College.

[00:00:24]There can't be that many people who can predict interest rates because there'd be lots of billionaires.

[00:00:28]And no one can predict the economy.

[00:00:30]I know a lot of people in this room were around in 1981 and '82 when we had a 20% prime rate, with double-digit inflation, double-digit digit unemployment. I don't remember anybody telling me in 1981 about it. I didn't read I studied all this stuff. I don't remember anybody telling me we're going to have the worst recession since the depression.