Jun

2

 Yet another class of bears—- the peg ratio. And a lonely voice of reason—- the discount rate– and Peter Lynch, the man who never read a book or went to the opera.

"Lynch’s Secret to Finding Value Discovers Little in S&P 500"

anonymous writes: 

It's unfair to say he never went to the opera. In fact it was his interest in musical performance that got him fined by the SEC–Twelve musical concerts and many sporting events. He made the mistake of never taking along even one of the execution brokers who provided the freebies he actively pursued.

It's often the company one keeps that determines one's results and one's customers' costs. It makes it impossible to trust Lynch's comments on S&P valuation as meal substance when he misdirects about opera attendance v. football attendance as a validity of one's personal measure.

SEC case links here and here.


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