Peter Lynch Quotes
As I look back on it now, it's obvious that studying history and philosophy was much better preparation for the stock market than, say, studying statistics.
Lynch, Peter, and John Rothchild. One Up on Wall Street. Simon & Schuster, 1989, p. 31.
The New York Stock Exchange had closed for the day after the assassination of President Kennedy. Lyndon Johnson called Funston to express his appreciation:
Jobs led Apple when it became the technology company with the largest stock market valuation ever, yet he freely admitted that he did bit understand the market. He just ran a great company which produced wonderful, innovative products and paid relatively little attention to the stock market and Wall Street.
Peter Lynch is an American investor, mutual fund manager, and philanthropist. As the manager of the Magellan Fund at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual return, consistently more than double the S&P 500 stock market index and making it the best-performing mutual fund in the world. During his 13-year tenure, assets under management increased from US$18 million to $14 billion.