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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Mark Marcellus who wrote (13375)	11/26/2001 11:40:15 PM
From: rjm2	Read Replies (2) \| Respond to of 78476

Lynch once said something along the line of the #1 indicator of a stocks future performance is the insiders putting their own money on the line and buying the stock. I am not seeing much of that. As for how he ran his fund...my gosh, with that much money he needed 100+ stocks. Personally, I have not been able to predict with any certainty which of my stocks will great, which will do good, which will do ok and which will crap out with any consistency. Only that overall, in the long run, I tend to do ok. Cant imagine only owning 20 stocks.

To: Mark Marcellus who wrote (13375)	11/27/2001 1:21:05 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78476

Mark Marcellus: Do you follow Mr. Lynch's recommendations as to having only a few well-considered stocks? If so, has that worked out satisfactorily for you? For me, that's not worked well in investing over a typical economic cycle (say, 7 years). I'm not knowledgeable of Fidelity research vis-a-vis other research houses. I understand some of the advantages that Fidelity's size has over other houses and certainly over individuals (with Fidelity's ability to hire the best talent, gain access to management, influence business decisions, etc.) Fidelity has so many funds, picking one or more, to me, is more difficult than just finding value stocks myself. Paul Senior