Street Stories: Managed Futures
Peter Lynch - Fidelity Magellan Fund
Peter Lynch is one of the most successful fund managers in America, that was able to consistently deliver high returns to investors, year after year. Lynch managed the wildly successful Fidelity Magellan Fund from 1977 up until 1990. His investing success is partly due to investing in quality companies early on in their growth, with Taco Bell and Dunkin Donuts being among some of his more profitable investments. He is also a popular author of several stock market investing books that have gone on to become classics in their genre.
I think you have to learn that there's a company behind every stock, and that there's only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.
Peter Lynch
You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.
Peter Lynch
