Peter Lynch was born in 1944 and until his retirement in was managing the Magellan Fund. When he started to run it the fund had assets of around $18 million, but when Peter Lynch retired in 1990 this hands risen to $14 billion. This makes him one of the most successful investors ever. There was a huge controversy when he decided to retire from this job at the age of 46 and the investors not surprisingly wanted him to stay on. But Peter Lynch did not have a swift rise to the top. One of the reasons that he was hired as an intern by Fidelity in the first place was because he had been acting as a golf caddy for the president at the nearby country club. But despite this inauspicious start he did well and worked for them on chemicals and also publishing. He then joined the army for 2 years and then went back to work for them on textiles, mining and chemicals again. In 1977 Peter Lynch became the head of the Magellan fund and carried on there building the assets of the fund and making an average return on average of around 30%. Peter Lynch was thought by many to be the best manager ever of a mutual fund, but he did not always stick to one style.

Peter Lynch adapted himself and his investing to whatever style was working well at the time. He has written a series of books and also magazine articles outlining the way that he invests and provides analysis of real stocks to show how it works. Was also one of the first big investors to see the profit to be made in such companies as Taco bell and Pier one Imports that have since gone on to become major investment opportunities. Although he still works as vice chairman of Fidelity Management and Research, Peter Lynch now spends a lot of time on his many charitable works. He likes to give in a variety of ways and as well as personal charity gifts, he also has the Lynch foundation and Fidelity Charitable Gift Fund. The Lynch Foundation is a very large charitable fund that has assets of over $70 million and gives to a lot of different charities and organizations that work, as well in other things, in education and hospitals. Peter Lynch was one of the best mutual fund managers and is very well known for his investing ideas, which are still studied by many people around the world.
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