Peter Lynch
Peter Lynch
Peter Lynchis an American businessman and stock investor. As the manager of the Magellan Fund at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual return, consistently more than doubling the S&P 500 market index and making it the best performing mutual fund in the world. During his tenure, assets under management increased from $18 million to $14 billion. He also co-authored a number of books and papers on investing and coined a number of well known mantras...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth19 January 1944
CountryUnited States of America
Your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed.
The Rule of 72 is useful in determining how fast money will grow. Take the annual return from any investment, expressed as a percentage, and divide it into 72. The result is the number of years it will take to double your money.
It only takes a handful of big winners to make a lifetime of investing worthwhile.
Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.
I talk to hundreds of companies a year and spend hour after hour in heady pow-wows with CEOs, financial analysts and my colleagues in the mutual-fund business, but I stumble onto the big winners in extracurricular situations, the same way you do.
It's human nature to keep doing something as long as it's pleasurable and you can succeed at it, which is why the world population continues to double every 40 years.
I've always been a great lover of baseball.
Never invest in anything that cannot be illustrated with a crayon
That's not to say there's no such thing as an overvalued market, but there's no point worrying about it.
All the time and effort people devote to picking the right fund, the hot hand, the great manager have, in most cases, led to no advantage.
I like to buy a company any fool can manage because eventually one will.
In the summer of 1990, I was buying stocks and I was probably three or four months early there. But we had a great rally in 1991.
Invest in what you know.
So while I was in college I did a little study on the freight industry, the air freight industry. And I looked at this company called Flying Tiger. And I actually put a thousand dollars in it and I remember I thought this air cargo was going to be a thing of the future.