Peter Lynch didn’t just beat the Street … he absolutely destroyed it. Reflect on his record for a second. Lynch ran Fidelity’s Magellan Fund from 1977 to 1990, beating the S&P 500 in all but two of those years. He averaged annual returns of 29%. That’s a mind-blowing figure. It means that $1 grew to more than $27; if you invested as little as $37,000 with him in 1977, you were a millionaire in 1990.
Sharing some his thoughts towards the market :-
- When the operas outnumber the football games three to zero, you know there is something wrong with your life.
- Gentleman who prefers bonds don’t know what they are missing.
- Never invest in any idea you can’t illustrate with a crayon.
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