The Wealth and Wisdom of Peter Lynch
Born in Massachusetts, Peter Lynch, an iconic American investor and former mutual fund manager, has left an indelible mark on Wall Street. A proud Wharton graduate, Lynch steered Fidelity Investments’ Magellan Fund from 1977 to 1990, achieving a staggering annual return of 29.2%. Known for coining phrases like “ten-bagger,” Lynch’s investment strategies are detailed in his co-authored books. Beyond his financial prowess, Lynch’s philanthropy shines, notably through the Lynch Foundation, started with his late wife, Carolyn Ann Hoff, which generously donated $8 million in 2013, marking him as Boston’s 33rd richest.
At the age of seventy-six, the legendary investor Peter Lynch is making headlines again by auctioning off his Arizona home. Despite stepping back from the full-time hustle, Lynch remains a significant figure in the financial sector as Fidelity Management & Research Co’s vice chairman. Here, he dedicates his expertise to guiding the next generation of analysts, showcasing his continued influence and commitment to the world of finance.