Peter Lynch

Peter Lynch (born January 19, 1944) is a successful Wall Street investor, and arguably one of the best stock-pickers in the world. He is currently a president at Fidelity Investments.

Fidelity

Lynch was given the $20 million Fidelity Magellan Fund to manage in 1977, and under his direction it grew to eventually be worth over $14 billion by 1990, when he retired. The fund averaged a staggering 29.2% return a year, and only underperformed the S&P 500 index twice. His biggest investing successes included "discovering" undervalued companies such as Taco Bell and Pier 1 Imports before periods of strong growth.

Related Topics:
1977 - 1990 - S&P - Taco Bell - Pier 1 Imports

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