He never really did - at least not fully. Charlie trimmed some shares in mid-1987 purely because of concentration risk (too much of his net worth in one stock), not because anything was wrong with Blockbuster. And Lynch actually notes that even that was a mistake in hindsight - he would have been better off holding every share through to the end.
So what made him to decide to sell?
He never really did - at least not fully. Charlie trimmed some shares in mid-1987 purely because of concentration risk (too much of his net worth in one stock), not because anything was wrong with Blockbuster. And Lynch actually notes that even that was a mistake in hindsight - he would have been better off holding every share through to the end.
probably Netflix ;-)