![]() ![]() While I highly recommend that you read One Up on Wall Street, there are several principles that Lynch talks about in his books that are still applicable today. I recently read One Up on Wall Street, and it’s had a profound impact on how I look at investing. Now, I want to focus on One Up on Wall Street since it was the first book he published (1989) and reflect on its impact 30 years later. Lynch has written a couple of books laying out his strategy including One Up on Wall Street, Beating the Street, and Learn to Earn. No other fund manager has ever beat Lynch, before or after him. During this period, his mutual fund posted an annual average return of 29.2%, which was almost double the S&P 500 (it posted an average return of 15.8%). Peter Lynch is known as one of the greatest investors because of his management of the Fidelity Magellan Fund from 1977 to 1990. “Go for a business that any idiot can run – because sooner or later any idiot probably is going to be running it.” Peter Lynch ![]()
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