Charles Glasgow has idolized Peter Lynch since the early 1990s, when he read his investment book “One Up on Wall Street.” So when the 66-yearold former college professor heard of a stock Mr. Lynch had bought with his own money, he jumped at the chance to invest alongside him.
A regulatory filing in August 2003 showed that Mr. Lynch, the celebrated former skipper of Fidelity Magellan Fund, owned 1.8 million shares of tiny SafeScript Pharmacies Inc.
“He is the most brilliant investor ever,” says Mr. Glasgow, of Denton, Texas. “I would not have touched this little company with a 10-foot pole except for his involvement.” But “if it was good enough for Peter Lynch, it was good enough for me,” Mr. Glasgow says, adding that he plowed nearly $498,000 into the stock and his relatives invested, too.
