Peter Lynch Bio | Wiki
Peter Lynch is a noted American investor, mutual fund manager, and philanthropist. Between 1977 to 1990, he was the manager of the Magellan Fund at Fidelity Investments. He averaged a 29.2% annual return that and more than double the S&P 500 stock market index. In addition, he has co-authored several books.
Peter Lynch Age
He was born in Newton, Massachusetts, in the United States on January 19, 1944. Lynch is 79 years old and he celebrates his birthday every year on January 19.
Peter Lynch Height
He is a man of average stature. Lynch stands at a height of 5 ft 7 in ( approx. 1.7m ).
Peter Lynch Family
He was born to his devoted parents in Newton, Massachusetts, in the United States. Lynch holds American nationality. When he was seven, his father was diagnosed with brain cancer and died after three years. His mother had to work to support the family. He also worked as a caddie to help support the family.
Peter Lynch Wife
He was married to Carolyn Ann Hoff. Carolyn was an American philanthropist and contract bridge multi-national and gold medal world champion. The couple co-founded the Lynch Foundation. She died in October 2015 due to complications of leukemia at age 69. Lynch has three daughters and six grandchildren.
Peter Lynch Daughters
Lynch has three daughters and six grandchildren. His children include Annie Lukowski. Annie is a film producer famous for her work in Big Fish (2003), The Ladykillers (2004), and In the Bedroom (2001).
Peter Lynch Education
He studied at Boston College graduating in 1965 with a degree in history, psychology, and philosophy. Lynch then joined the Wharton School of the University of Pennsylvania and attained his master’s in Business administration in 1968.
One Up On Wall Street Peter Lynch | Book | Best Book
One Up on Wall Street is a book that Lynch published in 1989 by Simon & Schuster. The book sold over one million copies. In his book, he stated that his undergraduate studies in philosophy and logic were more important to his career than math or finance. Moreover, he provides directions for sorting out the long shots from the no shots by spending just a few minutes with a company’s financial statements. Additionally, the book has 318 pages.
Peter Lynch Portfolio
He has made a portfolio of 696.1%, outperforming the market by 339.6% using its optimal monthly rebalancing period and 20 stock portfolio size since 2003. He has purchased over 10,000 stocks in the Magellan Fund’s portfolio. The Magellan Fund had as many as 1,400 stocks in it.
Peter Lynch Fidelity | Young
He was hired as an intern with Fidelity Investments partly in 1966 as he had been caddying for Fidelity’s president, D. George Sullivan. He worked in the paper, chemical, and publishing industries. He was hired permanently in 1969 returning. During his tenure, he was the textiles, metals, mining, and chemicals industries, eventually becoming Fidelity’s director of research from 1974 to 1977.
Peter Lynch Magellan Fund | Fund | Returns
He was the head source of the then-obscure Magellan Fund which had $18 million in assets in 1977. Her resigned in 1990 and during the period, he had averaged a 29.2% annual return and as of 2003 had the best 20-year return of any mutual fund ever. Moreover, he found success in a broad range of stocks from different industries.
Peter Lynch Quotes
As an investor and author, he has used several quotes in his works. Some of the quotes include:
- “When you own shares of superior companies, time is on your side”
- ” Know your own and why you own it”
- “When you sell in desperation you sell cheap”
- “The key is making money in stocks and not getting scared”
- “When it’s too late things become clear”
- “Competition is never as healthy as total domination, in a business”
- “Big companies have small moves, small companies have big moves”
Peter Lynch 2022 | Interview
Lynch cautioned against speculating, overreacting, and making forecasts in a rare interview with Fidelity in December 2022. In 2021, he emphasidesd in an interview that investors need to do their own research, hold their nerve during sell-offs, and stay open to a wide range of opportunities.
Peter Lynch Books In Order
He has authored several books on investing including:
- One Up on Wall Street in 1989
- Beating the Street in 1993
- Learn to Earn in 1995
- Devolved Great Britain in 2000
- Scottish government and politics in 2001
- Penn Central Railroad in 2004
- The Church’s Story in 2005
- The Emergence of Numerical Weather Prediction in 2006
- Wildlife and conservation volunteering in 2009
- Rambling Round Ireland in 2010
- That’s Maths II in 2020
- That’s Maths III in 2022
Peter Lynch Net Worth | Net Worth 2022
Lynch is a noted American investor, mutual fund manager, and philanthropist his successful career has been his backbone of attaining a decent fortune. His net worth is $450 Million.
Why Did Peter Lynch Retire
He retired at the age of 46 stating that he wished to spend more time with his family and that it was strictly a personal decision.
Is Peter Lynch Alive
Yes. He is alive as he celebrated his 79th birthday on January 19, 2023.
Is Peter Lynch Related To Merrill Lynch
Yes. Merrill Lynch was founded by Eric Lynch who was Peter’s great-grandfather.