Peter Lynch

Investor Type

Growth Investor

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Peter Lynch is one of the most successful and well-known investors of the 20th century. He managed the Fidelity Magellan Fund from 1977 to 1990, during which time the fund's assets grew from $20 million to $14 billion:

1. Education: Lynch graduated from Boston College in 1965 and later earned a Master of Business Administration from the Wharton School of the University of Pennsylvania in 1968.
2. Fidelity Magellan Fund: Lynch took over Fidelity's Magellan Fund in 1977. Under his management, the fund averaged a 29.2% annual return, making it the best-performing mutual fund in the world during that time frame. This track record made the Magellan Fund famous and drew a massive influx of capital.
3. Investment Philosophy: Peter Lynch is known for his approach of "invest in what you know." He believed in understanding a company's story and the nature of its business before investing. He categorized his stock picks into six categories: slow growers, stalwarts, cyclicals, fast growers, asset plays, and turnarounds.
4. Books: Lynch is the author of several popular books on investing:
• "One Up On Wall Street": In this best-selling book, Lynch explains the advantages that average investors have over professionals and how they can use these advantages to achieve financial success.
• "Beating the Street": This book provides insights into his investment strategies and offers advice on how to pick stocks and mutual funds.

See My Notes on Peter Lynch’s Books

Compilation of Peter Lynch’s Work (Outside of Books):