If youâ??re my generation or older, you probably remember Peter Lynch.
He was the famous manager of Fidelityâ??s Magellan Fund from 1977 to 1990. While Mr. Lynchâ??s track record covers only 13 years, itâ??s easy to see why many consider him to be one of the greatest investment managers of all time.
When he took over the fund in 1977, it had only $18 million in assets. But when he retired in 1990, the fund had grown to $19 billion in assets. Over those 13 years, Mr. Lynch managed to achieve a compounded average investment return of 29.2 percent, while the Standard & Poorâ??s 500 Index only rose 15.8 percent
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