Word: lynch
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Lynch has shunned scientific market analysis and short-term speculation. He has often held stocks for many years, as long as the companies remained healthy. By the same token, he has been quick to sell when he recognized that a stock was going bad. As he notes in his book, "You won't improve results by pulling out the flowers and watering the weeds...
...believes great stock tips come from everyday life, so he pays close attention to the buying habits of his wife Carolyn and their three daughters. When Carolyn began bringing L'eggs panty hose home from the supermarket in the 1970s, Lynch recognized a winning product. Magellan bought stock in Hanes, the panty-hose maker, and saw the value of its shares grow some...
Earlier this year Lynch began to feel the pace of two decades of workdays that began at 6:45 a.m. and lasted long past dark. Adding to the load was his position as head of the Fidelity group of nine growth funds. A devout Roman Catholic, Lynch found that he was working not only six-hour Saturdays but also early Sunday mornings before attending Mass. "Alarm bells began to go off," he recalls. But when Lynch told Fidelity Chairman Edward Johnson III that he wanted to leave, Johnson urged his star fund manager to stay on in a less demanding...
...Lynch wavered for several weeks before making up his mind. On March 25, a Sunday, Lynch telephoned Fidelity President Gary Burkhead to say he definitely planned to retire. Over the course of three phone calls, the two men picked Morris Smith to be Lynch's successor. Smith could barely contain his excitement when informed the next morning. "I had to make sure my knees weren't knocking when I stood up," he recalls...
...Peter Lynch leaves a rich legacy of achievement and integrity -- and enormous shoes to fill. -- A nightmarish tale from the realm of consumer credit ratings...