Peter Lynch

Definition of 'Peter Lynch'

One of the most successful and well known investors of all time. Peter Lynch made his name managing assets for Fidelity Magellan Fund from 1977-1990. He grew the funds assets under his management from a mere $20 million to an astounding $14 billion - doing so by achieving an average annual return of 29%. His investment style has been descirbed as adaptive to the economic environment prevailing at the time, but Lynch always stressed that you should be able to understand what you own.

Investopedia explains 'Peter Lynch'

Peter Lynch is also famous for authoring several books that are part of many investor's library, such classics include: Beating the Street (1993), and One Up On Wall Street (1989). Many investors commonly point to Peter Lynch as an example that active management can achieve superior results relative to the benchmark. Lynch beat the S&P 500 Benchmark in 11 of the 13 years he managed the investment fund.

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