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Post by account_disabled on Mar 12, 2024 4:33:15 GMT -2
The successful in its history. For years he headed Fidelity Magellan and under his management the funds assets increased from million to billion making Magellan the largest fund in the world. Moreover the fund has become one of the most effective in America. During Peters career he failed to beat the SP index only twice Fidelity Magellan averaged an annual return of more than the SP s return. Peter described his approach to investing in the book The Peter Lynch Method. Strategy and Tactics of the Brazil Mobile Number List Individual Investor originally One Up on Wall Street How to Use What You Already Know to Make Money in the Market which of course became a bestseller. Today we will look at what rules Peter followed and what led him to such inspiring results. The Rise of Peter Lynch Peter was born in in Massachusetts USA. His father died very early and Peter began working from childhood. Admittedly he settled down quite well he got the position of caddy on the golf course. This is an assistant who helps the golfer carry equipment and gives advice. Because Golf being a rich white mans hobby young Peter made quite a few useful contacts and also gained insight into the world of investing from conversations among club members. He spent the money he earned on college education. Peter bought his first shares at a price of during his studies in . It was Flying Tiger Airlines. When it grew to two years later Peter sold it and used the profits to attend Wharton Business School. Peter Lynch got into the Fidelity Magellan Foundation where he would eventually make his brilliant career thanks to the recommenda.
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