30 Facts About Peter Lynch

Peter Lynch was born on January 19,1944 and is an American investor, mutual fund manager, and philanthropist.

Peter Lynch coined a number of well-known mantras of modern individual investing, such as "invest in what you know" and "ten bagger".

Peter Lynch has been described as a "legend" by the financial media for his performance record.

Peter Lynch was born on January 19,1944, in Newton, Massachusetts.

In 1951, when Peter Lynch was seven, his father was diagnosed with cancer.

Peter Lynch died three years later, and Lynch's mother had to work to support the family.

In 1965, Peter Lynch graduated from Boston College where he had studied history, psychology, and philosophy.

Peter Lynch later earned a Master of Business Administration from the Wharton School of the University of Pennsylvania in 1968.

In 1966, Lynch was hired as an intern with Fidelity Investments partly because he had been caddying for Fidelity's president, D George Sullivan, at Brae Burn Country Club in Newton, Massachusetts.

Peter Lynch initially covered the paper, chemical, and publishing industries, and when he returned after a two-year Army stint he was hired permanently in 1969.

In 1977, Peter Lynch was named head of the then-obscure Magellan Fund which had $18 million in assets.

Peter Lynch focused on individual companies rather than any overarching strategy, starting with large US companies and gradually shifting emphasis to smaller and international stocks.

Peter Lynch found successes in a broad range of stocks from different industries; according to Beating the Street his most profitable picks were Fannie Mae, Ford, Philip Morris, MCI, Volvo, General Electric, General Public Utilities, Student Loan Marketing, Kemper, and Lowe's.

Peter Lynch wrote a series of investment articles for Worth magazine that expand on many of the concepts and companies mentioned in the books.

Peter Lynch coined some of the best-known mantras of modern individual investing strategies.

Peter Lynch uses this principle as a starting point for investors.

Peter Lynch has often said that the individual investor is potentially more capable of making money from stocks than a fund manager, because they are able to spot good investments in their day-to-day lives before Wall Street.

For example, in One Up Peter Lynch explains how he invested in Dunkin' Donuts not after reading about the company in The Wall Street Journal, but after being impressed by their coffee as a customer.

Peter Lynch believes the individual investor is able to make similar smart investing choices noticing particular opportunities like Dunkin' Donuts or paying attention to business trends in their careers and hobbies.

Peter Lynch has stated in One Up on Wall Street that his undergraduate studies in philosophy and logic were more important to his career than the math or finance he studied for his MBA.

Peter Lynch coined the phrase "ten bagger" in a financial context.

Peter Lynch married Carolyn Ann Hoff and cofounded the Peter Lynch Foundation.

Peter Lynch's wife died in October 2015 due to complications of leukemia at age 69.

Peter Lynch said he views philanthropy as a form of investment.

Peter Lynch said he prefers to give money to support ideas that he thinks can spread, such as First Night, the New Year's Eve festival that began in Boston in 1976 and has inspired similar events in more than 200 other communities, and City Year, a community service program founded in Boston in 1988 that now operates in 29 cities across the US.

The Peter Lynch Foundation, valued at $125 million, gave away $8 million in 2013 and has made $80 million in grants since its inception.

The Peter Lynch Foundation was one of the first major supporters of Teach for America, AmeriCares, and Partners in Health.

Peter Lynch was inducted into the Junior Achievement US Business Hall of Fame in 1991.

Peter Lynch is a member of the Harvard Medical School Board of Fellows.

Peter Lynch received the 1992 Seton Award from the National Catholic Education Association.