Master Stockpicker Peter Lynch: If You Only Invest in an Index, You’ll Never Beat Ithttps://www.barrons.com/articles/master-stockpicker-peter-lynch-if-you-only-invest-in-an-index-youll-never-beat-it-51576874071
By Leslie P. Norton
Updated Dec. 20, 2019 4:24 pm ET / Original Dec. 20, 2019 3:34 pm ET
Photograph by Heather Sten
“Invest in what you know.” Those five simple words from Peter Lynch helped launch a nation of stockpickers.
His advice—along with his 13 years running the Fidelity Magellan fund (ticker: FMAGX) with great success—led to investment banter at cocktail parties, cab drivers doling out stock tips, and the rise of the star fund manager. Lynch still holds one of the greatest track records—an astonishing 29% annualized return from 1977 until 1990—nearly double what the S&P 500 index produced in the same period.