Peter Lynch in '85/86 on his strategy mixing growth, turnarounds/special sits and cyclicals, and defensive high quality stocks/bonds. "That was true when the fund was at only $20 million" 
Conservative stocks or bonds instead of cash.
"The nice thing about a broad-based decline that you can sell what you don't like and buy what you do like.
If people aren't ready to add to their holdings, they should get out of the market."
If people aren't ready to add to their holdings, they should get out of the market."
Holding no cash would become an issue during the 1987 crash when investors panicked and Lynch had to sell stocks to meet redemptions..
How the hell did he stay on top of a portfolio of 1,500 stocks?
Ah that's right, he worked nonstop (and had the Fidelity research infrastructure).
European "family vacation," visits 23 companies.
Ah that's right, he worked nonstop (and had the Fidelity research infrastructure).
European "family vacation," visits 23 companies.
Four years later he was burned out and quit.
"One hot fudge sundae is great, two are okay, five just makes you sick. I love this job. I love outside activities. I love my family. There's just too much of it."
"One hot fudge sundae is great, two are okay, five just makes you sick. I love this job. I love outside activities. I love my family. There's just too much of it."
