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Fiscal Footprints
Follow the Rich
Sketch portrait of Peter Lynch
Legend · Growth at a Reasonable Price

Peter Lynch

b. 1944
Fidelity Investments (retired)
Former manager of the Magellan Fund (1977–1990)

About

Peter Lynch ran Fidelity's Magellan Fund from 1977 to 1990, one of the most celebrated runs in mutual fund history, before stepping down at the peak of his career. He does not file form 13F, so there is no current portfolio to track.

What we have instead is his investing philosophy — arguably more valuable than any single stock pick. Two ideas from Lynch shaped a generation of retail investors: "invest in what you know" (start from the products, services, and businesses you actually encounter in daily life, then do the work to understand the underlying company) and the concept of the "ten-bagger" — a stock that returns ten times what you paid for it, usually found by holding a great business long enough for compounding to do its work.

His books One Up on Wall Street and Beating the Street remain classic starting points for the individual investor.

Famous principles
  • "Invest in what you know."
  • The "ten-bagger" — a stock that returns ten times what you paid for it.
  • "Know what you own, and know why you own it."
The Bookshelf

Read Peter in their own words

1989

One Up on Wall Street

by Peter Lynch

Lynch's classic case for the individual investor's edge, built around 'invest in what you know.'

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1993

Beating the Street

by Peter Lynch

Lynch's own postmortem of his years running the Magellan Fund.

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