Peter Lynch was the vice chairman of Fidelity Management & Research Company, a investment advisor arm of Fidelity Investments.
Peter Lynch was the portfolio manager of Magellan Fund at Fidelity Investments between 1977 and 1990. He managed this fund for 13 years until his retirement.
Fidelity Magellan Fund was the best performing fund in the world under Peter Lynch’s leadership.
As per report published, Peter Lynch averaged a 29.2% annual return consistently, more than twice what the S&P 500 stock market index earned during that time.
Peter Lynch’s most famous investment principle is “invest in what you know”.
Mr Lynch wrote and co-authored many valuable books on investing, including One Up on Wall Street, Beating the Street and learn to earn.
One Up on Wall Street by Peter Lynch
In One up on wall street, Peter Lynch has discussed his simplistic stock picking style in this book which helps him to great success as a fund manager. As a beginner you will learn how to get started in the stock market.
You will know how simple methods can help you in stock picking.
Mr Peter Lynch discussed numerous investment lessons in this book.
By reading One Up on Wall Street, you will learn how he approaches the stock market, investment approaches he followed, how to pick growth and value stocks and how to do your own research and analyze companies before investing in them.
Beating the Street by Peter Lynch
Beating the street is another best seller book written by Peter Lynch. Its a book that talks about the fantastic journey of the great Peter Lynch.
This book will teach you how finance and investment works in reality. Beating the street explains the concept of successful investing in a very simple manner.
Learn to Earn by Peter Lynch
Learn to earn is a beginner’s guide to the basics of investing and business.
Published in 1996 by Simon and Schuster, Learn to earn will teach you how common people can make a living out of associating with the brands they use in their everyday life.
This book talks about the most popular brands people use and how they can invest in these just by using common sense. He said an individual investor is potentially more capable of making money from stocks than a professional fund manager.
Peter Lynch popularised the concept of “GARP” (Growth At A Reasonable Price). This book will help individuals to understand how to find good undervalued stocks and avoid buying overpriced stocks with the discipline of value investing.