According to The Financial Guide Glossary: "Peter Lynch is known as the most successful growth investor ever. He managed Fidelity's Magellan Fund for thirteen years, turning $20 million into $14 billion- 2700% growth over the term. With such a large fund to manage (14,000 odd stocks!) Lynch couldn't focus exclusively on growth companies; but those were his big 'winners'- and he later tailored his experience to the private investor in his books (with John Rothchild) 'One Up on Wall Street' and 'Learn to Earn.'"
Wednesday, November 26, 2008
Today's Fly Or Die Commerce Report: The Tale Of A Successful Investor
According to The Financial Guide Glossary: "Peter Lynch is known as the most successful growth investor ever. He managed Fidelity's Magellan Fund for thirteen years, turning $20 million into $14 billion- 2700% growth over the term. With such a large fund to manage (14,000 odd stocks!) Lynch couldn't focus exclusively on growth companies; but those were his big 'winners'- and he later tailored his experience to the private investor in his books (with John Rothchild) 'One Up on Wall Street' and 'Learn to Earn.'"
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