![]() ![]() No one else had managed such a big fund with so much success.ĭespite his uncanny talent as a portfolio manager, Lynch's mantra is that average investors have an edge over Wall Street experts. The sheer size of Magellan was part of Lynch's aura. Lynch achieved this performance even after Magellan was the nation's largest mutual fund with $13 billion in assets. During the 13 years Lynch ran the fund, Magellan outperformed the annual return of the S&P 500 stock index 11 years. Lynch's strong track record at Magellan drew investors at a rapid rate, and by 1983 the fund's assets topped $1 billion. When Lynch became Magellan's manager in 1977, the fund had $20 million in assets. He drew acclaim for his success as the portfolio manager of Fidelity Magellan FMAGX, the mutual fund he ran from 1977 to 1990. Peter Lynch is one of the greatest money managers and most famous investors of all time. Do Your Research and Set Reasonable Expectations
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