1. Introduction

Peter Lynch, born in 1944, is a famous American fund manager and investment strategist, known for his long-term management of the Fidelity Magellan Fund. He is known for his "growth investment" philosophy and "bottom-up" stock selection method, and is one of the most influential investors after the war.

II. Biography

• Born in 1944 and raised in Boston, Massachusetts, he took on family responsibilities when his father died at a young age.

• He graduated from Boston College in 1965 and then entered the Wharton School to pursue an MBA.

• He joined Fidelity Investments as a researcher in 1969 and was appointed manager of the Magellan Fund in 1977, when the fund size was only US$20 million.

• When he retired in 1990 , the fund's assets had exceeded $14 billion, with an average annual return of 29.2%, several times higher than the S&P index during the same period.

III. Major Achievements

• Created historic performance : Under his management, the Magellan Fund achieved positive growth for 13 consecutive years, becoming the best performing mutual fund in the world at that time.

• Investment books are best-sellers around the world : He has published many books, such as "Peter Lynch's Successful Investment" and "Beat the Wall Street", which popularized the concept of stock selection among the general public.

• Promote a revolution in the concepts of individual investors : Emphasize "investing in what you are familiar with" to make ordinary people believe that they can also succeed through common sense stock selection.

IV. Investment Philosophy

• “Bottom-up” stock selection method : focus on the fundamentals of individual stocks rather than macro forecasts, and judge the potential of companies through field visits and consumer observations.

• The logic of “ten-fold stocks” : look for small growth stocks with 10-fold growth potential, and don’t be afraid of short-term fluctuations.

• Diversify industries and concentrate bets on advantageous sectors : He prefers industries that he can understand, such as retail, catering, and consumer electronics.

• Long-term holding of value growth stocks : not affected by short-term market sentiment, relying on the growth of the company's intrinsic value to obtain excess returns.

V. Conclusion

Peter Lynch is not only one of the most successful fund managers on Wall Street, but also an evangelist of value investing. He transforms complex financial knowledge into a methodology that "ordinary people can understand", guiding investors to discover opportunities in their daily lives.
To this day, his philosophy still widely guides investors around the world, and he is known as the "Father of Growth Investing."