Discover the exceptional investing strategies and wisdom of Peter Lynch, the legendary investor, philanthropist, and former Fidelity Magellan Fund manager. Uncover the important lessons on stock picking, risk management, and long-term investments shared by Peter Lynch, a stalwart name in the world of finance. Dive into the inspiring life story and ingenious approaches that made Lynch a renowned figure in the investment industry.
Peter Lynch, born on January 19, 1944, is an American investor, philanthropist, and author. He was raised in Newton, Massachusetts and started investing at a young age. Lynch is known for his affinity for hobbies like fishing and gardening. He is married to his wife, Carolyn, and they have three children: Mary Lynch, Annie Lynch, and Peter Lynch Jr. Peter and Carolyn Lynch are actively involved in charitable activities, particularly in the fields of education and healthcare.
Peter Lynch's professional career is emblematic of his immense success in the world of finance. He graduated from Boston College in 1965 and then attended the prestigious Wharton School of the University of Pennsylvania, earning his Master of Business Administration degree in 1968.
Lynch joined Fidelity Investments in 1969 as an intern and quickly rose through the ranks, becoming the portfolio manager of the Magellan Fund in 1977. As the fund's manager until 1990, Lynch achieved a phenomenal track record, averaging an annualized return of nearly 30%. His outstanding ability to uncover investment opportunities in companies of various sizes earned him acclaim as one of the most successful mutual fund managers of all time.
During his tenure, the assets under management of the Magellan Fund increased from $18 million to a staggering $19 billion, making it the largest mutual fund in the world. Lynch had a hands-on approach to investing, conducting extensive research, actively visiting companies, and emphasizing on investments in industries he understood.
Peter Lynch developed several key principles and strategies during his investment career that he shared in his best-selling book "One Up on Wall Street" (1989).
Peter Lynch remains an icon in the investment world, not only for his financial success but also for his ability to communicate complex investing concepts to the general public. His insights and experiences serve as valuable lessons for aspiring investors worldwide.
Did you know you can earn $30 back on your first $30 of qualifying purchases with Rakuten?
Join now and start saving on every purchase from top retailers like Target, eBay, Zappos, Walmart, Kohl's & CVS. Whether you're shopping for fashion, electronics, home essentials, or health products, Rakuten makes it rewarding.
Sign up through this link and explore the endless possibilities to save and earn cash back!
Check out the Symbol Surfing blog to learn about investing.