« How Important Are Resistance Levels | Main | Subliminal Stock Spams »

Peter Lynch said he remembers people telling him 25 years ago that Wal-Mart (WMT) just couldn't get any bigger. That's an argument against a stock you should always ignore. With capitalism, profits are like jello...there's always room for more.

Check out this chart of Eaton Vance, the asset manager (EV):

Pretty spiffy, no? Thirty years ago, you could have picked up some shares for about $4 a piece. Adjusted for splits, that comes to 2.7 cents a share. In thirty years, the stock is up 1,000-freaking-fold.

So what's Eaton Vance's current market share of the mutual fund industry?

One percent.

Posted by edelfenbein at September 7, 2006 1:16 PM