Special Events :: U.S. Business Hall of Fame
| Laureate Archive | Alpha Order: L | |||||||||
| Peter Lynch | |||||||||
| Fidelity Magellan Fund, Fidelity Investments | |||||||||
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From 1977 to 1990, Peter Lynch was the manager of the Fidelity Magellan mutual fund. Under his stewardship, Magellan grew into the world's biggest mutual fund. He produced a total return to investors during that period of 2,800 percent. When he retired, he had beaten the average performance of every other mutual fund for 13 straight years. His basic rule of stock picking was to find companies with great products or services. | ||||||||
