Peter Lynch was possibly one of the greatest investors of our time. He was born January 19, 1944. Lynch was hired at Fidelity in 1966. In 1978 Peter Lynch took over the Fidelity Magellan mutual fund. The fund had $18-20 million in assets when he took it over. Lynch loved finding small growing companies. A few of the companies that he uncovered were Dunkin’ Donuts, Pier 1 Imports and Taco Bell. People have often said that Peter Lynch “never met a stock he didn’t like”. He managed the Magellan fund for over 20 years until 1990. During the years Lynch managed the fund, it had an average annual return of 29.2% a year!
When Peter Lynch retired in 1990, the Megellan fund had over $14 billion in assets.
One of the strategies that Lynch preaches is “Invest in what you know.” In his books, he talks about doing stock research at the local mall. Seeing which stores people are going to. Then he would start digging into the company’s financial information. He would also look at their competitors.
A term he likes to use is “bagger” for the multiple that a stock increased. For example, if he bought a stock at $3, and it went to $30, that would be a ten bagger.

Books by Peter Lynch:
Beating the Street
One Up On Wall Street : How To Use What You Already Know To Make Money In The Market
Learn to Earn : A Beginner’s Guide to the Basics of Investing and Business