Savings and loans

A Closer Look at the S&Ls: Peter Lynch's Specific Picks

Book: Beating the Street by Peter Lynch with John Rothchild | ISBN: 978-0-671-75915-5

Peter Lynch says a casual stockpicker could just grab five S&Ls that fit the Jimmy Stewart profile, invest equal amounts, and do well. One would outperform, three would do OK, one would lag, and the total result would beat owning overpriced blue chips like Coca-Cola or Merck.

It's a Wonderful Buy: Peter Lynch on Savings and Loans

Book: Beating the Street by Peter Lynch with John Rothchild | ISBN: 978-0-671-75915-5

Mention savings and loans in the early 1990s and people grabbed their wallets. The $500 billion bailout. 675 bankrupt institutions. 10,000 fraud cases pending with the FBI. The word “thrift” used to remind people of Jimmy Stewart in It’s a Wonderful Life. Now it reminded them of Charles Keating in handcuffs.

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