Description: (Financier)
Peter Lynch is a renowned American investor, mutual fund manager, author, and philanthropist. He achieved significant success as the manager of the Magellan Fund at Fidelity Investments from 1977 to 1990, with an impressive average annual return of 29.2%. Lynch's fund consistently outperformed the S&P 500, becoming the best-performing mutual fund globally. He is a proponent of value investing and authored influential books like "One Up on Wall Street," which sold over a million copies. Lynch is well-known for popularizing investment mantras such as "invest in what you know" and "ten bagger," earning him a legendary status in the financial world.