Date of Birth: January 19, 1944
Zodiac Sign: Capricorn
Biography
Peter Lynch is a renowned American businessman and investor, best known for his management of the Magellan Fund at Fidelity Investments between 1977 and 1990. Under his stewardship, the fund averaged an annual return of 29.2%, making it one of the best-performing mutual funds in the world. Lynch’s investment philosophy emphasizes the importance of thorough research, understanding the companies one invests in, and focusing on long-term gains. After retiring from active fund management, he has remained a significant figure in the finance world, contributing to various educational initiatives and writing several influential books on investing, including “One Up on Wall Street” and “Beating the Street.”
5 Interesting Facts about Peter Lynch
1. Peter Lynch managed the Magellan Fund at Fidelity Investments from 1977 to 1990.
2. Over his 13-year tenure, the Magellan Fund grew from $18 million to $14 billion in assets under management.
3. Lynch is famous for his “invest in what you know” philosophy, advocating for individual investors to buy into companies they understand.
4. He has authored several best-selling books on investing, including “One Up on Wall Street,” which has sold over a million copies.
5. After retiring, Lynch continued to work with Fidelity as a research consultant and has contributed to numerous philanthropic causes, particularly in education.
5 Most Interesting Quotes from Peter Lynch
1. “Know what you own, and know why you own it.”
2. “In the stock market, the most important organ is the stomach. It’s not the brain.”
3. “The person that turns over the most rocks wins the game. And that’s always been my philosophy.”
4. “Behind every stock is a company. Find out what it’s doing.”
5. “Go for a business that any idiot can run – because sooner or later, any idiot probably is going to run it.”
Highest Net Worth Achieved
Peter Lynch’s highest net worth is estimated to be around $450 million.
Children
Peter Lynch and his wife Carolyn have three daughters: Mary Lynch, Annie Lynch, and Beth Lynch.
Relevant Links
1. [Peter Lynch on Wikipedia](https://en.wikipedia.org/wiki/Peter_Lynch
5. [Peter Lynch’s Books on Amazon](https://www.amazon.com/Peter-Lynch/e/B000AQ3RME
