Biography of peter lynch
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Peter Lynch
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Peter S. Lynch
Peter Lynch is Vice Chairman of Fidelity Management & Research Company — the investment advisor arm of Fidelity Investments — and an Advisory Board Member of the Fidelity Funds. Mr. Lynch was portfolio manager of Fidelity Magellan Fund, which was the best performing fund in the world under his leadership from May 1977 to May 1990. When he took over Magellan Fund, it had $20 million in assets. By the time he retired from the fund, it had grown to over $14 billion in assets and had over a million shareholders. Magellan became the biggest fund in the world in 1983, and it continued to outperform all other funds for the next seven years.
Mr. Lynch joined Fidelity in 1969 as a research analyst and was later named director of research. During his tenure at Fidelity, he has served as a managing director of Fidelity Investments, an executive vice president and director of Fidelity Management & Research Company, and a leader of the growth equity group. He is the author of the bestseller, One Up on Wall Street. Mr. Lynch completed his second book, Beating the Street, in March 1993. This book remained No. 1 on The New York Times best-seller list for eight weeks. His books have been translated into over seventeen languages including Japanese, Swedish,
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Peter Lynch: The Investment Legend Who Turned Average Investors into Wall Street Winners - A Biography
Peter Lynch, one of the most successful and influential investors of the 20th century, revolutionized the world of mutual fund investing with his unique approach to stock selection and portfolio management. His remarkable career at Fidelity Investments and his best-selling books have inspired generations of investors to take control of their financial futures.
Early Life and Education
A Humble Beginning
Born in 1944 in Newton, Massachusetts, Peter Lynch came from a modest background. His father, a mathematics teacher, passed away when Lynch was just 10 years old, leaving his mother to raise him and his siblings.
The Path to Finance
Lynch's first exposure to the stock market came through caddying at an exclusive country club. Conversations overheard on the golf course piqued his interest in investing, setting the stage for his future career.
Academic Excellence
Lynch attended Boston College on a partial scholarship, working as a caddy to pay for his education. He graduated in 1965 with a degree in finance.
The Magellan Fund Era
Joining Fidelity
After a stint in the Army and earning his MBA from the Wharton School of the University of Pennsylvania, Lynch joined