Peter Lynch Net Worth, Wife, Books, Quotes

Peter Lynch is a highly regarded American investor and former fund manager who is widely recognized for his successful tenure as the manager of the Fidelity Magellan Fund. During his tenure, Magellan fund had given an annual return of 29.2% making it one of the most successful mutual funds. This gave Peter Lynch huge fame and made him one of the greatest investors of all time.

Peter Lynch Net Worth, Bio & more

Birthplace	Newton, Massachusetts, U.S.
Nationality	United States of America
Date of birth	January 19, 1944
Age	79
School	Newton High School in Newton
College	Boston College (BA) The Wharton School of the University of Pennsylvania (MBA)
Educational Qualifications	MBA
Occupation(s)	Investor Author Mutual Fund Manager Philanthropist
Religion	Roman Catholic
Net worth	$352 million (as per Boston Magazine, 2006)

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Peter Lynch’s Wife, Daughters & Family

Favourites

Book	“The Intelligent Investor” by Benjamin Graham
Food	Italian food, especially pasta and pizza
Place	Italy
Sports	Football and Basketball
Quotes	“The real key to making money in stocks is not to get scared out of them.”
Activities	Spending time with his family and reading
Music	Classical Music and Jazz
Movie	Casablanca

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Peter Lynch Career

Early career: Peter Lynch started his career in 1969 as an investment analyst at Fidelity Investments. During this period he developed his investment philosophy which is to invest in companies having strong competitive advantages and invest for the long term.

Magellan Fund manager: In 1977, Peter Lynch was appointed as a manager of Magellan Fund which is a small fund with a total asset under management (AUM) of $18 Million. During his leadership, the fund has grown to over $14 billion making it one of the largest and most successful mutual funds. He has given an annual growth of 29.2% to its investors for over 13 years. This made him one of the most famous and successful investors of all time.

Retirement and philanthropy: In 1990, he retired from the managing of the Magellan Fund. After his retirement, he had written many books on investing including “One Up on Wall Street” and “Beating the Street”. His books have been translated into over 20 languages and have sold more than 10 Million copies. He is also a renowned philanthropist who donates millions of dollars to charity.

Awards won by Peter Lynch

• The Peter Lynch Award for Excellence in Fund Management (1983, 1984, 1985)
• The Benjamin Graham Award (1990)
• The Seton Award (1992)
• The Horatio Alger Award (1993)
• The Gerald Loeb Lifetime Achievement Award (2003)

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Peter Lynch books

• One Up on Wall Street (1989)
• Beating the Street (1994)
• Learn to Earn (1995)
• Happiness Is the Best Investment: The Investor’s Guide to Wealth, Wisdom, and Good Life (2007)

Peter Lynch Book Recommendations

• The Millionaire Next Door (1998) by Thomas J. Stanley and William D. Danko
• The Automatic Millionaire (2006) by David Bach
• The Total Money Makeover (2009) by Dave Ramsey
• Good to Great (2001) by Jim Collins
• Built to Last (1994) by Jim Collins
• The Lean Startup (2011) by Eric Ries
• The Power of Positive Thinking (1952) by Norman Vincent Peale
• The Secret (2006) by Rhonda Byrne
• The Alchemist (1988) by Paulo Coelho
• The Intelligent Investor (1949)r by Benjamin Graham

Peter Lynch Quotes

The real key to making money in stocks is not to get scared out of them.”

“Invest in what you know.”

“Go for a business that any idiot can run – because sooner or later, any idiot probably is going to run it.”

“The person who turns over the most rocks wins the game.”

“Invest in companies that make things people need or want.”

“Look for companies with a strong competitive advantage.”

“Buy stocks when they are undervalued by the market.”

“Don’t try to time the market.”

“Be patient and don’t panic.

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Less Known Facts About Peter Lynch

• He is a big baseball fan and has written a book about the history of the Boston Red Sox.
• Lynch had an excellent skills for spotting investment opportunities in retail stocks. He made successful investments in companies like The Limited and Dunkin’ Brands.
• Despite his successful career, he maintained a low public profile and rarely appeared in the media. 
• Peter Lynch received an honourary Doctor of Humane Letters degree from Boston College for his contributions to finance and philanthropy.

Frequently Asked Questions (FAQs)