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Valuable Lessons from Fund Manager Peter Lynch

beebee
edited September 2018 in The Bullpen
In Beating the Street, Lynch states that the fact that Magellan was a capital appreciation fund was crucial:

"My colleagues' tips and leads were particularly valuable to me because Magellan was a capital appreciation fund, and therefore I had the widest latitude to buy stocks that the special situations person, the small-stock person, the growth person, the value person, or the over-the-counter person had recommended."

In fact, Lynch states that many of his best-performing stocks like Fannie Mae, Envirodyne, and Owens-Corning came to his attention via his colleagues who ran focused funds, but, unlike they, Lynch had the flexibility to capitalize not just on one or two of their best ideas, but on all of them.

Good read...
Valuable-lessons-from-peter-lynch
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