Peter Lynch | |
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Born | Newton, Massachusetts, U.S. | January 19, 1944
Education | Boston College (BA) The Wharton School of the University of Pennsylvania (MBA) |
Occupation(s) | Investor, author, mutual fund manager, philanthropist |
Employer | Fidelity Investments (1966 - 1990) |
Known for | Managing the Magellan Fund |
Title | Chairman of the Lynch Foundation |
Spouse | Carolyn Lynch (m. 1968; died 2015) |
Children | 3 |
Peter Lynch (born January 19, 1944)[1] is an American investor, mutual fund manager, author and philanthropist. As the manager of the Magellan Fund[2] at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual return,[3] consistently more than double the S&P 500 stock market index and making it the best-performing mutual fund in the world.[4][5] During his 13-year tenure, assets under management increased from US$18 million to $14 billion.[6]
A proponent of value investing, Lynch wrote and co-authored a number of books and papers on investing strategies, including One Up on Wall Street, published by Simon & Schuster in 1989, which sold over one million copies.[7] He coined a number of well-known mantras of modern individual investing, such as "invest in what you know" and "ten bagger".[8] Lynch has been described as a "legend" by the financial media for his performance record.[6][9]
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