There are lots more, here's a more systematic study from Fidelity:
"
The average investor lost money in the Fidelity Magellan fund under Peter Lynch’s tenure during a period of time when the fund returned around 29% annually."
It's easy to look back and say, wow, if I had invested at that time, I'd have $x m/b, but the temptation to "lock in gains" or "diversify" is really strong. And sometimes it is right!
> A systematic study, oh ok which study is that then - there is no link provided ? The link you provided is just one persons essay.
Well, that makes two more links than you've provided.
Sorry, can't find an original source link online (it was from before the interwebs, after all), but here's another with more quotes from Lynch, and google will find lots more:
Yahoo definitely was successful with the Alibaba investment, whether through luck or good decision making - though I agree, the rest of their decision-making lends weight to the "luck" evaluation.
No dispute at all that they showed no competitive advantage in managing their actual business.
Two more links than I provided ? Um, right. But I am not claiming to have evidence from a "systematic study".
There must be millions of people around the world who have bought and held growing assets, my fucking dad did and he is no warren buffet.
I have absolutely no back up evidence of this, but you don't either. One blog, now two blogs neither of which are peer reviewed or provide any form of source data. This second blogs just quotes someone else.
Its hard to hold on to a growing asset ? I really don't think it is. Unless you desperately need the money for something more important.
" The average investor lost money in the Fidelity Magellan fund under Peter Lynch’s tenure during a period of time when the fund returned around 29% annually."
http://www.innovativewealth.com/wall-street-wisdom/individua...
It's easy to look back and say, wow, if I had invested at that time, I'd have $x m/b, but the temptation to "lock in gains" or "diversify" is really strong. And sometimes it is right!