During his 13-year tenure, Lynch consistently more than doubled the S&P 500 market index, averaging almost 30% annual return.īy the time he resigned in 1990, Magellan Fund had grown to more than $14 billion in assets, becoming perhaps the world’s best-known actively managed mutual fund. In 1977, he was named the head of the Magellan Fund which was worth $18 million in assets. In the meantime, Lynch got a job as an intern with Fidelity Investments, mainly because he was caddying for D. He graduated from Boston College and earned an MBA from Wharton.
Peter Lynch is an American mutual fund manager, investor, and philanthropist. This book should be all but a gospel for those who want to learn how. In other words – as the subtitle of this book says – use what you already know to make money in the market, not the market fluctuations. Namely, Benjamin Graham’s value investing, which is based on the premise that your only interest should be undervalued companies with inherent worth, which, in turn, you can only know if you research them well. Peter Lynch, Warren Buffett, and Charlie Munger are widely revered as possibly the best investors in history, nothing short of titans in the field, wizards with investment records which comfortably put them in a league of their own.Īnd it’s no coincidence that all three of them are proponents of the same philosophy. ” Who Should Read “One Up on Wall Street”? And Why? Learn immediately how to always be “ One Up on Wall Street. This book’s stocks are rising by the minute. In his dictionary, “professional investor” is an oxymoron.Īnd a well-prepared amateur investor is next decade’s millionaire. “Leave it to the pros” is the one advice Peter Lynch will never give you when it comes to investing.
7 min read ⌚ How to Use What You Already Know to Make Money in the Market
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