This is the Part-3 of the Peter’s Principles series. You can read Part-1 here and Part-2 here.
In this series, we are discussing Peter’s Principles as described in his book Beating the Street.
To say that Peter Lynch beat the market would be a severe act of discounting his performance. Lynch managed Fidelity’s Magellan Fund from 1977 to 1990 and clocked a CAGR of 29.2%. Every US$ 1 invested in his fund in 1977 grew to more than US$ 27 by 1990. Lynch retired in 1990 at the age of 46.
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