World’s Greatest Investor Series: Part 3 – Peter Lynch

Peter Lynch’s career at Fidelity Magellan began in 1966 as an intern and as an analyst following his graduation from Boston College in 1965. Following a brief stint in the army from 1967-1969 he returned to full time employment with Fidelity Magellan as the head of textiles, mining, metals and chemicals investment sector. From here his career progression quickly escalated when in 1974 he became the director of research followed by portfolio manager in 1977. During his time at the head as manager of the Fidelity Magellan Fund between 1977 and 1990, his hard work and ambition paid off with the fund averaging 29.2% per annum before retiring.