Word: lynch
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...Lynch and his partner, former Hill Street Blues writer Mark Frost, developed Twin Peaks by drawing a map of the fictional town. "We knew where everything was, and it helped us decide what mood each place had, and what could happen there," says Lynch. "Then the characters just introduced themselves to us and walked into the story." The pilot was written in only nine days and shot in 23. Lynch was apprehensive about the restrictions of TV but found the experience satisfying. "I didn't feel we compromised, and I felt good...
...Lynch seems confident that viewers will catch on. "These shows should cast a spell," he says. "It's sort of a nutty thing, but I feel a lot of enjoyment watching the show. It pulls me into this other world that I don't know about." Well, if he doesn't know about it, what are we outsiders to do? Nothing but sit back and succumb to the spell...
...more than 1 million investors, Peter Lynch was a magician, a modern alchemist who transmuted their modest savings into solid wealth. Since Lynch began running the then tiny Fidelity Magellan fund in 1977, its shares have surged 25-fold in value -- far more than the fourfold gain for the Dow Jones industrial average during the same period or the increase for any other mutual fund. Lynch, 46, built Boston-based Magellan from a $22 million operation into a $13.3 billion monster, the world's biggest and most celebrated fund. And he did it the old-fashioned way, through 13-hour...
...most successful money manager in America surprised the financial world last week by disclosing that he will be retiring from Magellan at the end of May. Lynch, who is reportedly paid as much as $10 million a year, broke the news at 9:30 a.m. last Wednesday to hushed staffers who had gathered outside his office door. Citing a longing to spend more time with his family and the fact that his father had died of cancer at the age of 46, Lynch said he had decided it was time to quit. He will be succeeded by Morris Smith...
...brace for a possible rush to redeem Magellan shares in the wake of his departure, Lynch had been quietly accumulating a $1.8 billion cash hoard as part of the mutual fund's portfolio of 1,400 stocks. At week's end nervous investors were redeeming Magellan shares at a rate 75% faster than that of the previous week...