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Peter Lynch, 25 Years Later: It’s Not Just ‘Invest In What You Know’
I have to admit to buying two stocks this past year that followed his basic tenets. I kept watching people buying Sketchers ( SKX) and always out of stock in some styles at the stores, I started researching it. Took the plunge at $39, but sold out at $57 after watching it stall, go down, back up to 60 etc. Of course then it soared up to $150 by the time run was over. Then it split. Well still made some money. #2 was White Wave (WWAV) which I kept seeing flying off the shelves in my Supermarket. Again, researched it, bought it at 29 and still holding (its now 40), but it has been as high as 52. Long term hold this time.
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