Peter Lynch (born January 19, 1944)[1] is an American investor, mutual fund manager, author and philanthropist. As the manager of the Magellan Fund[2] at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual return,[3] consistently more than double the S&P 500 stock market index and making it the best-performing mutual fund in the world.[4][5] During his 13-year tenure, assets under management increased from US$18 million to $14 billion.[6]

A proponent of value investing, Lynch wrote and co-authored a number of books and papers on investing strategies, including One Up on Wall Street, published by Simon & Schuster in 1989, which sold over one million copies.[7] He coined a number of well-known mantras of modern individual investing, such as "invest in what you know" and "ten bagger".[8] Lynch has been described as a "legend" by the financial media for his performance record.[6][9]

Early life and education
Peter Lynch was born on January 19, 1944, in Newton, Massachusetts.[1] In 1951, when Lynch was seven, his father was diagnosed with brain cancer.[10] He died three years later, and Lynch's mother had to work to support the family. Lynch reports that from his early teens he worked as a caddie to help support the family.[11] During Lynch's time as a sophomore at Boston College, he used his savings to buy 100 shares of Flying Tiger Airlines at $7 per share.[12] The stock would later rise to $80 per share, profits from which helped pay for his education.[13]

In 1965, Lynch graduated from Boston College (BC) where he studied history, psychology, and philosophy. He later earned a Master of Business Administration from the Wharton School of the University of Pennsylvania in 1968.[14]

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