Peter Lynch writes, "If you give up on a stock because you're tired of waiting for something wonderful to happen, then something will begin to happen, the day after you get rid of it. I call this postdivestiture flourish."
Lynch discussed Merck, "which went nowhere from 1972 to 1981, even though earnings grew steadily at an average rate of 14% a year." "Who knows how many investors got out of Merck because they were tired of waiting. If they kept up on the story, they wouldn't have sold. It shot up fourfold in the next five years."
Peter Lynch writes, "If you give up on a stock because you're tired of waiting for something wonderful to happen, then something will begin to happen, the day after you get rid of it. I call this postdivestiture flourish."
Lynch discussed Merck, "which went nowhere from 1972 to 1981, even though earnings grew steadily at an average rate of 14% a year." "Who knows how many investors got out of Merck because they were tired of waiting. If they kept up on the story, they wouldn't have sold. It shot up fourfold in the next five years."