Yours Truly Posted September 10, 2012 Share Posted September 10, 2012 It was published in Worth magazine back in 1996 but is still great and educational http://pages.stern.nyu.edu/~adamodar/New_Home_Page/articles/Lynchgrowthstocks.htm Link to comment Share on other sites More sharing options...
alwaysinvert Posted September 10, 2012 Share Posted September 10, 2012 I liked this one: I thought Kaiser Industries was a steal at $13, but it also fell to $4. At that point, this asset-rich conglomerate, with holdings in aluminum, steel, real estate, cement, fiberglass, and broadcasting, was trading at a market value equal to the price of four airplanes. Link to comment Share on other sites More sharing options...
Liberty Posted September 10, 2012 Share Posted September 10, 2012 It was published in Worth magazine back in 1996 but is still great and educational http://pages.stern.nyu.edu/~adamodar/New_Home_Page/articles/Lynchgrowthstocks.htm Thank you! Link to comment Share on other sites More sharing options...
Yours Truly Posted September 11, 2012 Author Share Posted September 11, 2012 I have been doing a lot of bio reading on past successful value-oriented managers with exceptional track records and Peter Lynch is definitely is at the top of my list... I just completed reading up about Julien Robertson of formerly, Tiger Management however the books on him don't really divest into his process and methods Link to comment Share on other sites More sharing options...
DCG Posted September 11, 2012 Share Posted September 11, 2012 Great article. Lynch is probably my favorite investment writer, and I wish he'd write a new book. Link to comment Share on other sites More sharing options...
FrankArabia Posted September 11, 2012 Share Posted September 11, 2012 great stuff. thanks for the post. Link to comment Share on other sites More sharing options...
Yours Truly Posted September 11, 2012 Author Share Posted September 11, 2012 If you guys like Lynch's investment style and writing, definitely check out Francois Rochon of Giverny Capital's articles and annual reports. He has an excellent track record in the past +15 years of 14% annum returns I believe. http://www.montrealgazette.com/search/search.html?q=Fran%C3%A7ois+Rochon http://www.givernycapital.com/en/rapports Link to comment Share on other sites More sharing options...
mranski Posted September 11, 2012 Share Posted September 11, 2012 Thanks for the links on Francois Rochon. I agree about him, he has a talent for stocks and good articles with specific stock opinions. He is one of the few investors to recommend (or analyze ) MTY group which has been a good investment for me. Unfortunately Francois was lost to me in the Euro Macro noise of the last few years. Link to comment Share on other sites More sharing options...
meiroy Posted September 12, 2012 Share Posted September 12, 2012 " In 1977, Lynch was named head of the then obscure Magellan Fund which had $18 million in assets. By the time Lynch resigned as a fund manager in 1990, the fund had grown to more than $14 billion in assets with more than 1,000 individual stock positions. From 1977 until 1990, the Magellan fund averaged a 29.2% return" Lynch is one of my favorites as well, really enjoyed reading his books, great humor and fantastic investing insights. Link to comment Share on other sites More sharing options...
PLynchJr Posted September 12, 2012 Share Posted September 12, 2012 Reading his books right after college is what got me hooked on investing. I've probably re-read them all about 5 times. I've got a Word file with my notes on them that I review several times per year. Link to comment Share on other sites More sharing options...
Yours Truly Posted September 12, 2012 Author Share Posted September 12, 2012 " In 1977, Lynch was named head of the then obscure Magellan Fund which had $18 million in assets. By the time Lynch resigned as a fund manager in 1990, the fund had grown to more than $14 billion in assets with more than 1,000 individual stock positions. From 1977 until 1990, the Magellan fund averaged a 29.2% return" Lynch is one of my favorites as well, really enjoyed reading his books, great humor and fantastic investing insights. What I find ridiculous is that he owned more than 1,000 stocks in his portfolio and still made 29.2% annual return... there must have been tons of 100, 1000, 10,000 baggers Link to comment Share on other sites More sharing options...
alwaysinvert Posted September 12, 2012 Share Posted September 12, 2012 " In 1977, Lynch was named head of the then obscure Magellan Fund which had $18 million in assets. By the time Lynch resigned as a fund manager in 1990, the fund had grown to more than $14 billion in assets with more than 1,000 individual stock positions. From 1977 until 1990, the Magellan fund averaged a 29.2% return" Lynch is one of my favorites as well, really enjoyed reading his books, great humor and fantastic investing insights. What I find ridiculous is that he owned more than 1,000 stocks in his portfolio and still made 29.2% annual return... there must have been tons of 100, 1000, 10,000 baggers He did have massive amounts of token investments for screening purposes, right? While certainly more diversified than Buffett, I don't think he was as diversified as those figures would indicate at a glance. Link to comment Share on other sites More sharing options...
LC Posted September 12, 2012 Share Posted September 12, 2012 " In 1977, Lynch was named head of the then obscure Magellan Fund which had $18 million in assets. By the time Lynch resigned as a fund manager in 1990, the fund had grown to more than $14 billion in assets with more than 1,000 individual stock positions. From 1977 until 1990, the Magellan fund averaged a 29.2% return" Lynch is one of my favorites as well, really enjoyed reading his books, great humor and fantastic investing insights. What I find ridiculous is that he owned more than 1,000 stocks in his portfolio and still made 29.2% annual return... there must have been tons of 100, 1000, 10,000 baggers He did have massive amounts of token investments for screening purposes, right? While certainly more diversified than Buffett, I don't think he was as diversified as those figures would indicate at a glance. Exactly. He held extremely small positions in a large number of stocks simply because it forced him to actually keep tabs on those companies & industries. Link to comment Share on other sites More sharing options...
Yours Truly Posted September 12, 2012 Author Share Posted September 12, 2012 I'd like to know how concentrated his top 10 holdings were.. I couldn't find this online anywhere nor any published annual reports during his tenure at Fidelity Link to comment Share on other sites More sharing options...
PlanMaestro Posted September 12, 2012 Share Posted September 12, 2012 I'd like to know how concentrated his top 10 holdings were.. I couldn't find this online anywhere nor any published annual reports during his tenure at Fidelity Read his books. There were limits on the % of Magellan he could buy in one stock (5% I think?). Though, he could keep all of it if he did not sell. For that reason, Chrysler's price increase threatened at one moment to make it like 10% of his port. He had hundreds of positions and there are several anecdotes of him going through the very long list and the constant visiting of companies. I don't want to end with prematurely white hair like him. Link to comment Share on other sites More sharing options...
Yours Truly Posted September 12, 2012 Author Share Posted September 12, 2012 I'd like to know how concentrated his top 10 holdings were.. I couldn't find this online anywhere nor any published annual reports during his tenure at Fidelity Read his books. There were limits on the % of Magellan he could buy in one stock (5% I think?). Though, he could keep all of it if he did not sell. For that reason, Chrysler's price increase threatened at one moment to make it like 10% of his port. He had hundreds of positions and there are several anecdotes of him going through the very long list and the constant visiting of companies. I don't want to end with prematurely white hair like him. Ahh yes, mutual fund rules.. supposedly he was working 70-hour days and visiting 40 companies a month which burnt him out Here's a nice find - "The amazing thing is that even with assets of $9 billion -- the size of Guatemala's GNP -- Magellan continues to outpace the market. Through the fund, Lynch owns stocks of 1,400 companies, or 13% of all of America's publicly traded corporations. " Link to comment Share on other sites More sharing options...
Kiltacular Posted September 13, 2012 Share Posted September 13, 2012 Ahh yes, mutual fund rules.. supposedly he was working 70-hour days and visiting 40 companies a month which burnt him out I had a few 70 hour days but they were all in Vegas -- ah, youth. 8) Seriously, though, Lynch is probably the single best guy on process. For the right situation -- especially tax-deferred accounts -- his methods are incredibly powerful and easy to follow. If, as a beginner investor, you read the famous Buffett recommendation of Chapters 8 and 20 of Graham's "Intelligent Investor" and all of Lynch's stuff, you'd be set. Link to comment Share on other sites More sharing options...
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