A permanent page devoted to Peter Lynch has been added to Value Walk. Over the next few months I will be adding 2-3 resource pages a week on famous current and legendary investors. I will keep them a surprise to increase the excitement, so make sure to check back frequently. Or follow me on Twitter, Facebook or Feedburner.
The Peter Lynch can be found under current value investors on the top toolbar, or at the following link-https://www.valuewalk.com/resource-page-2/legendary-value-investors/peter-lynch-resource-page/. Below is a brief excerpt from the page:
Canyon Distressed Opportunity Fund likes the backdrop for credit
The Canyon Distressed Opportunity Fund III held its final closing on Jan. 1 with total commitments of $1.46 billion, calling half of its capital commitments so far. Canyon has about $26 billion in assets under management now. Q4 2020 hedge fund letters, conferences and more Positive backdrop for credit funds In their fourth-quarter letter to Read More
Although, Peter Lynch is not a pure value investor, I would feel that the legendary value investors page would be lacking without a age about him. In addition, he takes a fundamental approach, and his methods have been utilized by many value investors. He invented the famous PEG ratio (price to earnings growth), which measures a stock based on both growth and valuation. One quote from Lynch which confirms his contrarian nature is “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.’”
Peter Lynch is an investment guru who during his 13 years as head at Fidelity Magellan, from 1977 till 1990, managed to realize annual returns of 29%. When he first took over the firm only had $20 million as assets but Lynch was successful in increasing it to $14 billion in 13 years. During his time in charge of the firm, they effectively outperformed the S&P 500 index every year, except for two years.
Lynch was born on the 19th of January in 1944 and graduated from Boston College in 1965. Before the launch of his career, Lynch was caddy to the president of Magellan along with other investment bankers at the Brea Burn Country Club. He was provided the opportunity to intern at Fidelity Magellan in 1966 as a result of befriending the president during his time as caddy. As an intern he served as an analyst in the paper, chemical, and publishing industries of Fidelity. During the two years of 1967 till 1969 Peter Lynch joined the army to serve his country. In 1969, after returning from the army, he was hired permanently at Fidelity Magellan and was made head of their textiles, mining, metals and chemicals investment sector. In 1974, Lynch was named the director of research at Fidelity and three years after that, in 1977, he was made portfolio manager.
To view the full Peter Lynch page, click on the following link-https://www.valuewalk.com/resource-page-2/legendary-value-investors/peter-lynch-resource-page/