Peter Lynch Letter To Magellan’s Investors Regarding The 1987 Crash
Peter Lynch is widely considered to be one of the most successful and well-known investors off all time.
The legendary investor is the former manager of the Magellan Fund, which he took over in 1977. He started managing the fund at just 33 years of age, with $18 million in assets under management.
Over the next 13 years, he transformed the fund into one of the most successful mutual funds in the United States. He achieved an average annual return of 29.2% and retired in 1990 at the age of 46. When he retired, the fund had $14 . . .
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