PETER LYNCH's "invest in what you know" strategy has made him a household name with investors both big and small.
An important key to investing,Lynch says,is to remember that stocks are not lottery tickets.There is a company behind every stock and a reason companies and their stocks perform the way they do.
During PETER LYNCH's thirteen successful years as amanger of the Fidelity Magellan Fund it was the top-ranked equity mutual fund in the nation.$1,000 invested in Magellan in 1977 was worth $28,000 when he handed over the reins of Magellan on may 31,1990.
Since his retirement from the Magellan Fund,Lynch continues as a member of the board of trustees of the Fidelity Group of Funds.Also read PETER LYNCH's 25 Golden Rules.
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