The Wisdom of Great Investors Peter Lynch (born 1944) was hired by Fidelity as an Intern in 1966, partly because he had been caddying for Fidelity's president (among others) at Brae Burn Country Club in Newton, Massachusetts. In 1977 he became head of the Magellan Fund which had $18 million in assets and by the time of his retirement in 1990 the Magellan Fund had to grown to in excess of $14 billion in assets and averaged 29.2% per annum from 1977 until 1990. Peter Lynch has co-written three books on investing, including ‘One Up on Wall Street’, ‘Beating the Street’ and ‘Learn to Earn’. His most famous investment principle is “Invest in what you know”. One of Peter Lynch’s great quotes is that… “Far more money has been lost by investors preparing for corrections or trying to anticipate corrections than has been lost in the corrections themselves.” At Newealth we are always looking to innovate and improve our ongoing advice and services wherever possible and if you have any ideas or comments, please feel free to email me at invest@newealth.com.au or to call me on +61 2 9267 2322.
14th-April-2009 | 
