Peter Lynch is a well-known stock investor who managed the Fidelity Magellan Fund from 1977 to 1990, during which time the fund's assets grew from $20 million to $14 billion. Lynch achieved an annual average return of 29 percent. He is now retired.
Lynch is also famous for several books including, One Up On Wall Street (1989) and Beating The Street (1993).
Once he identified a candidate for investment, Lynch learned as much as possible about its business, industry and future prospects. Lynch avoided hot, fast-growth industries, preferring instead to find an overlooked stock in a humdrum sector. Much like Warren Buffett, Lynch avoided industries that he didn't understand.
Lynch has long insisted that individual investors who don’t have time to learn complicated quantitative stock measures or read lengthy financial reports can research stocks as well or better than most investment professionals by using the “invest in what you know” principle to find undervalued stocks. “Go for a business that any idiot can run,” he has said, “because sooner or later, any idiot probably is going to run it.”
Lynch is an investor in Jackpot Rewards, a site that mixes retail discounts, giveaways, and charity. The company raised a $16.7 million series A financing from Lynch and other Boston-area captains of finance, including Chuck Clough (a former chief global investment strategist of Merrill Lynch), advertising man Jack Connors, and DST Systems CEO Tom McDonnell.
*Frontline - Betting On The Market: Interview With Peter Lynch
- ↑ The Basics: How to invest like Peter Lynch. MSN Money.
- ↑ 125 Influential People and Ideas. Wharton.
- ↑ Peter Lynch Wants to Give You $1 Million. Tech Crunch.