Published on 16 Oct 2012
In 1977, legendary fund manager Peter Lynch was named head of the then obscure Magellan Fund which had $18 million in assets. By the time Lynch resigned as a fund manager in 1990, the fund had grown to more than $14 billion in assets with more than 1,000 individual stock positions. From 1977 until 1990, the Magellan fund averaged a 29.2% return. This is exceptional considering how large the fund was. This video/audio is courtesy of Fedelity investments "The Stock Shop".
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