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Technology Stocks : Western Digital (WDC)

WDC 147.68

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To: Thomas Haegin who wrote (8134)	12/10/1997 2:17:00 PM
From: Pierre-X	Read Replies (2) of 11057

Re: Magellan I'd better jump in here and correct potential misinformation. Peter Lynch did not hold 1400 stocks throughout his career. That was a temporary peak toward the end of his tenure. PL, in his heyday, would go to personally visit or have visitors from 300-400 companies per year. (Note to all: how many companies have YOU talked to this year? Actually talked to?) The guy was no slouch. The network of industry insiders he built up from many years of pounding the pavements paid off. This guy really loved his work. He had a true passion for investing. You can make big big money in this business, but only if you're willing to put in big big hours doing QUALITY research. Ticker-watching and chart-chasing don't count. You said: Peter Lynch beat the market for many years at Magellan, holding some 1400 stocks. Of course, there are not that many Peter Lynch's around and he had staff at his disposal.

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