Word: garp
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Vinik's style is known as GARP--growth at a reasonable price, a fairly straightforward approach. In simple terms it means buying companies whose price-earnings multiple is lower than the earnings growth rate. Think P/Es of 10 to 14; earnings growth of 16% to 18%. There are hundreds of stocks fitting that description most of the time. Vinik scored big by loading up early this year on drug, medical and restaurant stocks while the masses crowded into dotcoms. He says sticking to his style kept him out of the bubble, "a huge factor in our performance...
...added the source of the mix-up was more likely the Lampoon's May 6 presentation of its Wrestler of the Century award to novelist John Irving, known for such books as The World According to Garp and A Prayer for Owen Meany...
...Translating the 600-odd-page novel to screen wasn't an easy task. Previous attempts at movie adaptations of Irving's novels have disappointed. Hotel New Hampshire, even with the talents of Jodie Foster and Beau Bridges, was pretty bad, and The World According to Garp, starring Robin Williams, wasn't much better. The worst, however, was Simon Birch, the big-screen "adaptation" of A Prayer for Owen Meany. It was so terrible, in fact, that Irving forced Disney to remove the original characters' names from the movie, leaving only a "loosely inspired by" credit. These films were missing...
...World According to Garp, JohnIrving
...been 20 years since John Irving's fourth novel, The World According to Garp, made its author famous. Not only did the book attract a massive readership, but it also inspired a cult following and such extra-literary phenomena as Garp T shirts and fan clubs. Irving's ninth novel, A Widow for One Year (Random House; 537 pages; $27.95), is unlikely to generate a similar hullabaloo. That is not because Irving's storytelling skills have waned; his new novel is in many respects his best since Garp. But over the past two decades, serious fiction has been elbowed ever...