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Great discussion!

and more food for thought. I am still struggling with 'proper' allocation and the question when to sell or hold onto a winner (or loser that may yet become a winner).


Peter Lynch has missed out on many multi-baggers and still was able to produce 30% annualized performance

To keep things in perspective, let us not overlook that Mr. Lynch's record of outperforming the market averages while managing the FidelityMagellan fund was achieved during one of the longest periods of advancing prices in stock market history. His record of a 29%-30% annual return remained largely untested since he resigned in March of 1990 at the ripe old age of 46 “for personal reasons” and before an extended period of market decline. A few years ago I read a scathing critique of his private investments after he resigned from the Magellan fund. Most of his new acquisition were penny stocks, almost all of them losers and not a single winner among the lot. This is not to say that I did not enjoy his books or found his advice useless.

im
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