“In my business a fourbagger is nice, but a tenbagger is the fiscal equivalent of two home runs and a double.”
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Peter Lynch is an American investor, mutual fund manager, author and philanthropist. As the manager of the Magellan Fund at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual return, consistently outperforming S&P 500 stock market index and making it the best-performing mutual fund in the world. During his 13-year tenure, assets under management increased from US$18 million…
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business · American investor · financier · investor · art collector · fund manager · patron of the arts · also Peter Lynch, Lynch
Born 19 January 1944 · Q1156395
12 published statements · 0 followers
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“In my business a fourbagger is nice, but a tenbagger is the fiscal equivalent of two home runs and a double.”
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“Far more money has been lost by investors preparing for corrections or trying to anticipate corrections than has been lost in the corrections themselves.”
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And has made $80 million in grants since its inception
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The Lynch Leadership Academy (LLA), a research and training program for school principals at BC's Carroll School of Management business school
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Boston Magazine named Lynch in the top 50 wealthiest Bostonians ranking him 40th with an overall net worth of $352 million USD
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The fund had grown to more than $14 billion in assets with hundreds of stocks at the fund's largest
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Lynch was named head of the then-obscure Magellan Fund which had $18 million in assets
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And has inspired similar events in more than 200 other communities, and City Year, a community service program founded in Boston in 1988 that now operates in 29 cities across the U
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Lynch was hired as an intern with Fidelity Investments partly because he had been caddying for Fidelity's president, D
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Lynch graduated from Boston College where he studied history, psychology, and philosophy
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When Lynch was seven, his father was diagnosed with brain cancer
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Born 1944-01-19.
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