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Peter Lynch's Best investments

Overview

Managed Fidelity Magellan through one of the most famous mutual fund runs.

Style

Growth at a reasonable price, consumer insight, company stories

Firm

Fidelity Magellan Fund

Period

1944-

Peter Lynch

Best investments

Notable wins and the lessons behind them.

Study success as a process

Peter Lynch's successful investments are often remembered for large outcomes, but beginners should focus on the process: what was observed, what was waited for, how risk was controlled, and why conviction could be maintained.

Identify the initial condition that created the edge.

Separate luck from skill.

Ask whether the lesson still applies in the current market.