Peter Lynch, a legendary fund manager, turned Fidelity Magellan from a mere $20 million to a staggering $14 billion in assets by 1990, achieving an average annual return of 29%. His investment strategies are articulated in his best-selling books, 'One Up on Wall Street' and 'Beating the Street,' where he emphasizes investing in straightforward businesses underappreciated by Wall Street. Lynch introduced the concept of 'ten-bagger' stocks—investments that can grow tenfold. Today, stocks like Tractor Supply resonate with Lynch’s philosophy, indicating potential for massive growth amid a landscape full of overlooked opportunities.
Peter Lynch exemplified money management by turning Fidelity Magellan from a $20 million fund into a $14 billion powerhouse, achieving a stunning 29% annual return.
Lynch famously coined the term 'ten-bagger' for stocks that return ten times the initial investment, advocating for investments in simple, understandable companies.
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