Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Western Digital (WDC) -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Haegin who wrote (8134)	12/10/1997 10:43:00 AM
From: Chi Pan	Read Replies (1) \| Respond to of 11057

In our strategy class, my professor told me that Peter Lynch told small investors to concentrate on only a few companies that you really know.

To: Thomas Haegin who wrote (8134)	12/10/1997 2:17:00 PM
From: Pierre-X	Read Replies (2) \| Respond to 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.