Peter Lynch Beat the S&P 500 in 11 of His 13 Years Running Magellan. Here's Why He Says "Turning Over the Most Rocks" Is the Key to Winning.
The legendary Magellan portfolio manager was an explorer himself.
Peter Lynch, the investing legend who managed the Magellan Fund at Fidelity, outperformed the S&P 500 in 11 out of his 13 years as the fund's manager. This impressive feat was achieved during the dotcom boom when Magellan peaked at $102 billion in assets under management in 2000. Today, the Magellan Fund has a much smaller $27 billion in assets, thanks to the rise of ETFs.
Lynch's tenure as the fund's manager began in 1977 and ended in 1990. Under his leadership, the fund grew from $20 million in assets to over $14 billion by 1990. Lynch's exceptional performance is supported by his annual average return of 29.2%, which is considered one of the best in the business.
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