Peter Lynch
Peter Lynch is one of the most successful and well-known investors of all time. Lynch is the legendary former fund manager of Fidelity Magellan Fund, one of the world's best known actively managed mutual funds. Under his management, FMAGX earned an annualized return of 29.2%, more than twice what the S&P 500 earned during that time. He is also the bestselling author of the pioneering book on investing, One Up on Wall Street, which has been translated into over 15 languages. Today, Lynch has become a prominent philanthropist and the Vice President of Fidelity Management & Research Company, the investment advisory arm of Fidelity Investments.
Peter Lynch Professional Experience / Academic History
Professional Experience
-
Fund Manager
-
Director of Research
-
Research Analyst
Academic History
-
Master of Business Administration (MBA)
-
B.S., Finance
FIDELITY MAGELLAN FUND
Lynch headed up one of the most lauded mutual fund successes in history.
FMAGX was the best-performing mutual fund in the world under his watch, climbing from $18 million in assets to over $14 billion with over a million shareholders.
FMAGX became the biggest fund in the world in 1983, and it continued to outperform all other funds for the next seven years.
FIDELITY INVESTMENTS
Lynch joined Fidelity in 1969 as a Research Analyst and was later named Director of Research.
He has served as a Managing Director of Fidelity, an Executive Vice President and Director of Fidelity Management & Research Company, and a leader of the growth equity group.
He is credited for creating the price-to-earnings-growth (PEG) ratio and popularizing the "buy what you know" investment strategy.
CURRENT APPOINTMENTS
Fellow, American Academy of Arts and Sciences
Board of Fellows, Harvard Medical School
Member, Boston Society of Security Analysts
Council Member, Historic New England
EARLY CAREER
He has received honorary degrees from 15 colleges and universities, including his alma mater Boston College.
For 20 years, he served as chairman of the Inner-City Scholarship Fund, raising over $150 million in partial scholarships.
Many investors commonly point to Lynch as an example that active management can achieve superior results relative to the benchmark.
Before joining Fidelity, Lynch served as lieutenant in the U.S. Army for two years.
MEDIA & PUBLICATIONS
Lynch has been profiled and featured in various financial media outlets and publications, including Forbes, Bloomberg, Yahoo! Finance, Business Insider, CNBC, the Wall Street Journal, Barron's, The New York Times, and MarketWatch, among others.