Peter Lynch Popular Books

Peter Lynch Biography & Facts

Peter Lynch (born January 19, 1944) is an American investor, mutual fund manager, author and philanthropist. As the manager of the Magellan Fund at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual return, consistently more than double the S&P 500 stock market index and making it the best-performing mutual fund in the world. During his 13-year tenure, assets under management increased from US$18 million to $14 billion.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. He coined a number of well-known mantras of modern individual investing, such as "invest in what you know" and "ten bagger". Lynch has been described as a "legend" by the financial media for his performance record. Early life and education Peter Lynch was born on January 19, 1944, in Newton, Massachusetts. In 1951, when Lynch was seven, his father was diagnosed with brain cancer. 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. 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. The stock would later rise to $80 per share, profits from which helped pay for his education.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. Investment career Fidelity In 1966, Lynch was hired as an intern with Fidelity Investments partly because he had been caddying for Fidelity's president, D. George Sullivan, (among others) at Brae Burn Country Club in Newton, Massachusetts. He initially covered the paper, chemical, and publishing industries, and when he returned after a two-year Army stint he was hired permanently in 1969. This time Lynch was charged with following the textiles, metals, mining, and chemicals industries, eventually becoming Fidelity's director of research from 1974 to 1977. Fidelity Magellan Fund In 1977, Lynch was named head of the then-obscure Magellan Fund which had $18 million in assets. By the time Lynch resigned as a fund manager in 1990, the fund had grown to more than $14 billion in assets with more than 1,000 individual stock positions. Taking over when Magellan was a small fund, Lynch had no restrictions on what assets he could buy (other than laws, such as an SEC-enforced federal law that prohibits investment company funds that are registered as "diversified" from holding more than 5% of total portfolio assets in a single company at time of purchase ). He focused on individual companies rather than any overarching strategy, starting with large US companies and gradually shifting emphasis to smaller and international stocks.From 1977 until 1990, the Magellan fund averaged a 29.2% annual return and as of 2003 had the best 20-year return of any mutual fund ever. Lynch found successes in a broad range of stocks from different industries; according to Beating the Street his most profitable picks while running the Magellan fund were Fannie Mae ($500 million), Ford ($199 million), Philip Morris ($111 million), MCI ($92 million), Volvo ($79 million), General Electric ($76 million), General Public Utilities ($69 million), Student Loan Marketing ($65 million), Kemper ($63 million), and Lowe's ($54 million). Investment philosophy Lynch has written (with co-author John Rothchild) three texts on investing: One Up on Wall Street (ISBN 0671661035), Beating the Street (ISBN 0671759159), and Learn to Earn. The last-named book was written for beginning investors of all ages, mainly teenagers. In essence, One Up served as theory while Beating the Street is application. One Up lays out Lynch's investment technique including chapters devoted to stock classifications, the two-minute drill, famous numbers, and designing a portfolio. Most of Beating the Street consists of an extensive stock by stock discussion of Lynch's 1992 Barron's Magazine selections, essentially providing an illustration of the concepts previously discussed. As such, both books represent study material for investors of any knowledge level or ability. Lynch also wrote a series of investment articles for Worth magazine that expand on many of the concepts and companies mentioned in the books.I’ve found that when the market’s going down and you buy funds wisely, at some point in the future you will be happy. You won’t get there by reading ‘Now is the time to buy.'Lynch coined some of the best-known mantras of modern individual investing strategies. His most famous investment principle is, "invest in what you know," popularizing the economic concept of "local knowledge". Since most people tend to become expert in certain fields, applying this basic "invest in what you know" principle helps individual investors find good undervalued stocks. Lynch uses this principle as a starting point for investors. He has also often said that the individual investor is potentially more capable of making money from stocks than a fund manager, because they are able to spot good investments in their day-to-day lives before Wall Street. Throughout his two classic investment primers, he has outlined many of the investments he found when not in his office. For example, in One Up Lynch explains how he invested in Dunkin' Donuts not after reading about the company in The Wall Street Journal, but after being impressed by their coffee as a customer. Assuming others would be similarly impressed and noting the company's Boston locations were always busy, he then studied the company's financial status and decided to invest in Dunkin' Donuts, which proved one of the best-performing stocks he ever bought. Lynch believes the individual investor is able to make similar smart investing choices noticing particular opportunities like Dunkin' Donuts or paying attention to business trends in their careers and hobbies. Using examples from Magellan Fund, his books outline how a novice should read and interpret company paperwork for information on stock valuation, earnings, cash flow, and other data.Lynch has stated in One Up on Wall Street that his undergraduate studies in philosophy and logic were more important to his career than the math or finance he studied for his MBA. At Wharton, he came to believe that the two prevailing investing theories in academia, the random walk hypothesis and the efficient market hypothesis, were contradictory. The concepts taught by professors at school were regularly disproved by professionals during his internship at Fidelity. He thus came to rely more on practitioners than theoreticians: "It seemed to me that what was supposed to help you succeed in the investment business, could only.... Discover the Peter Lynch popular books. Find the top 100 most popular Peter Lynch books.

Best Seller Peter Lynch Books of 2024

  • Warren Buffett Book of Investing Wisdom synopsis, comments

    Warren Buffett Book of Investing Wisdom

    Robert L. Bloch

    Compiled by the son of the cofounder of H&R Block, a collection of business quotes and advice from the most successful investor of the twentieth century, Warren Buffett. Warren...

  • Where Angels Fear synopsis, comments

    Where Angels Fear

    Rebecca Levene & Simon Winstone

    Something very odd is happening on the university planet of Dellah, home to Bernice Summerfield, famed archaeologist, adventurer, raconteur and barfly. A longignored religion is ra...

  • The Russia Hoax synopsis, comments

    The Russia Hoax

    Gregg Jarrett

    Fox News legal analyst Gregg Jarrett reveals the real story behind Hillary Clinton’s deep state collaborators in government and exposes their nefarious actions during and after the...

  • Batiendo a Wall Street synopsis, comments

    Batiendo a Wall Street

    Peter Lynch

    El legendario gestor de fondos Peter Lynch explica en este libro sus estrategias de inversión y sus claves sobre cómo seleccionar acciones y fondos para conseguir la mejor cartera ...

  • Liverpool - Wondrous Place synopsis, comments

    Liverpool - Wondrous Place

    Paul Du Noyer

    No other city in the world is as well known or loved for its vibrant and definitive musical history as Liverpool. In 2002, Guinness World Records: British Hit Singles voted Liverpo...

  • Et si vous en saviez assez pour gagner en Bourse synopsis, comments

    Et si vous en saviez assez pour gagner en Bourse

    Peter Lynch

    N'allez pas croire que pour gagner en Bourse, il faut maîtriser des techniques incroyablement complexes ou avoir percé les mystères des martingales les plus astucieuses. Peter...

  • My Warren Buffett Bible synopsis, comments

    My Warren Buffett Bible

    Robert L. Bloch

    Compiled by the son of the cofounder of H&R Block, a collection of business quotes and advice from the most successful investor of the twentieth century, Warren Buffett.Warren ...

  • Die Stadt der Dolche synopsis, comments

    Die Stadt der Dolche

    Walker Dryden

    Die TumanbaySaga beginnt: Der Auftakt einer fesselnden FantasyReihe, basierend auf dem preisgekrönten BBCPodcast.Willkommen in Tumanbay – einer Stadt, in der Dolche regieren. Einer...

  • The Buried synopsis, comments

    The Buried

    Sharon Bolton

    AN OLD ENEMY IS LAID TO REST . . . AND A NEW CRIME IS DISCOVEREDFlorence Lovelady, the most senior serving policewoman in Britain, visits convicted serial killer Larry Glassbrook i...

  • Alone with the Dead synopsis, comments

    Alone with the Dead

    James Nally

    ‘IMPECCABLE DESCRIPTIONS MADE THE STORY COME ALIVE … EXHILARATING STUFF’ THE SUNThe first in an electrifying new British detective series starring PC Donal Lynch.Meet PC Donal Lync...

  • Der vergiftete Thron synopsis, comments

    Der vergiftete Thron

    Walker Dryden

    Die Fortsetzung der fesselnden TumanbaySaga, basierend auf dem preisgekrönten BBCPodcast.Willkommen in Tumanbay, einst der Sitz eines mächtigen Sultans – jetzt liegt die Stadt in K...

  • A Piece of the Action synopsis, comments

    A Piece of the Action

    Joe Nocera

    Winner of the Helen Bernstein Award for Excellence in JournalismOne of Business Week’s “Ten Best Business Books of the Year”When it was published in 1994, A Piece of the Action was...

  • Der Hof der Rache synopsis, comments

    Der Hof der Rache

    Nick Martell

    Ein Mann, gefangen zwischen Loyalität, Gier, Familie und Verrat – der zweite Band der SöldnerkönigSaga.Willkommen in Kessel, einem Königreich, in dem an jeder Ecke Lügen und Intrig...

  • Fashion X. Album Two. synopsis, comments

    Fashion X. Album Two.

    Peter V. Lynch

    Peter’s Slideshow. Hollywood vibes. Fashion X project. The most beautiful girls in the world. Photo album with pictures of beautiful girls captured on an analog camera.

  • Where the Money Is synopsis, comments

    Where the Money Is

    Adam Seessel

    “One of the best books I have read on investing in years. ” Bill Ackman, founder and CEO, Pershing Square Capital ManagementFrom a successful investor and a contributor to Barron’s...

  • Peter Lynch synopsis, comments

    Peter Lynch

    Les Editions du Faré

    Le livre qui reprend les meilleurs conseils de Peter Lynch, détaillés et illustrés d’exemples, pour progresser dans vos investissements en bourse.Peter Lynch est un ...

  • Un paso por delante de Wall Street synopsis, comments

    Un paso por delante de Wall Street

    Peter Lynch

    CÓMO UTILIZAR LO QUE YA SABES PARA GANAR DINERO EN BOLSAEn este clásico de las finanzas, con más de un millón de ejemplares vendidos en todo el mundo, el mítico inversor Peter Lync...

  • Making Money From Stocks and Shares synopsis, comments

    Making Money From Stocks and Shares

    Jamie E. Smith

    Many people are intimidated by the stock market and choose instead to put their money into savings accounts that pay very little. They believe that: Buying shares is too risky Bu...

  • Der Weg der Vergessenen synopsis, comments

    Der Weg der Vergessenen

    Nick Martell

    Er war ein Verbrecher, nun wurde sein Name reingewaschen. Und doch verliert er alles, erneut ... Das Finale der SöldnerkönigTrilogie.Willkommen in Kessel, einem Königreich, in dem ...

  • Confessions of a Wall Street Insider synopsis, comments

    Confessions of a Wall Street Insider

    Michael Kimelman

    Although he was a suburban husband and father, living a far different life than the “Wolf of Wall Street,” Michael Kimelman had a good run as the cofounder of a hedge fund. He had ...