-
Boston (pronounced ) is the capital and largest city in Massachusetts, and is one of the oldest cities in the United States. The largest city in New England, Boston is regarded as the unofficial "Capital of New England" for its economic and cultural impact on the entire New England region. Boston city proper had a 2009 estimated population of 645,169, making it the twentieth largest in the country. Boston is also the anchor of a substantially larger metropolitan area called Greater Boston, home to 4.5 million people and the tenth-largest metropolitan area in the country. Greater Boston as a commuting region includes six Massachusetts counties, Essex, Middlesex, Norfolk, Suffolk, Plymouth, and Worcester, all of Rhode Island and parts of New Hampshire; it is home to 7.5 million people, making it the fifth-largest Combined Statistical Area in the United States.
http://wn.com/Boston -
The United States of America (also referred to as the United States, the U.S., the USA, or America) is a federal constitutional republic comprising fifty states and a federal district. The country is situated mostly in central North America, where its forty-eight contiguous states and Washington, D.C., the capital district, lie between the Pacific and Atlantic Oceans, bordered by Canada to the north and Mexico to the south. The state of Alaska is in the northwest of the continent, with Canada to the east and Russia to the west across the Bering Strait. The state of Hawaii is an archipelago in the mid-Pacific. The country also possesses several territories in the Caribbean and Pacific.
http://wn.com/United_States -
Wall Street is a street in Lower Manhattan, New York City. It runs east from Broadway to South Street on the East River, through the historical center of the Financial District. It is the first permanent home of the New York Stock Exchange, the world's largest stock exchange by market capitalization of its listed companies. Over time, Wall Street became the name of the surrounding geographic neighborhood and also shorthand (or a metonym) for the "influential financial interests" of the American financial industry, which is centered in the New York City area. Anchored by Wall Street, New York City vies with the City of London to be the financial capital of the world.
http://wn.com/Wall_Street
- baseball
- Boston
- Boston College
- charitable trust
- City Year
- Double (baseball)
- Fannie Mae
- Fidelity Investments
- First Night
- Ford
- General Electric
- home run
- John Rothchild
- Kemper
- local knowledge
- Lowes
- Magellan Fund
- MCI
- philanthropy
- Philip Morris
- stock investor
- ten bagger
- United States
- Volvo
- Wall Street
- Wharton School
- Worth (magazine)
Lynch, Peter Filmography
- Bubbles Galore (1996) (actor, plays Dick)
- Strictly Ballroom (1992) (actor, plays Dancer at Kendall's Studio)
- Highway 61 (1991) (actor, plays Bingo Angry Man)
- Order: Reorder
- Duration: 3:52
- Published: 09 Nov 2008
- Uploaded: 25 Oct 2011
- Author: avantisprod
- Order: Reorder
- Duration: 8:03
- Published: 15 Jun 2009
- Uploaded: 18 Aug 2011
- Author: GreaterBostonChamber
- Order: Reorder
- Duration: 2:36
- Published: 17 Jul 2011
- Uploaded: 26 Jul 2011
- Author: 40procent20ar
- Order: Reorder
- Duration: 10:59
- Published: 15 Oct 2008
- Uploaded: 08 Nov 2011
- Author: rogerthepilotagain
- Order: Reorder
- Duration: 5:31
- Published: 02 Jun 2009
- Uploaded: 27 Oct 2011
- Author: valueinvestingpro
- Order: Reorder
- Duration: 4:46
- Published: 23 Jun 2010
- Uploaded: 29 Oct 2011
- Author: businessinsider
- Order: Reorder
- Duration: 3:47
- Published: 03 Nov 2010
- Uploaded: 06 Nov 2011
- Author: carriedancer1
- Order: Reorder
- Duration: 0:31
- Published: 10 Apr 2009
- Uploaded: 24 Aug 2010
- Author: naOmijOnes1
- Order: Reorder
- Duration: 4:34
- Published: 11 May 2011
- Uploaded: 06 Nov 2011
- Author: WVWritersInc
- Order: Reorder
- Duration: 3:52
- Published: 02 Jun 2009
- Uploaded: 27 Oct 2011
- Author: valueinvestingpro
- Order: Reorder
- Duration: 1:00
- Published: 01 Oct 2010
- Uploaded: 06 Sep 2011
- Author: DailySuccessQuotes
- Order: Reorder
- Duration: 10:59
- Published: 02 Jun 2009
- Uploaded: 18 Aug 2011
- Author: valueinvestingpro
- Order: Reorder
- Duration: 2:09
- Published: 08 Jun 2009
- Uploaded: 22 May 2011
- Author: GreaterBostonChamber
- Order: Reorder
- Duration: 4:49
- Published: 30 Aug 2009
- Uploaded: 26 Aug 2010
- Author: joellekentfield
- Order: Reorder
- Duration: 5:10
- Published: 22 Mar 2010
- Uploaded: 29 Sep 2010
- Author: ScienceGallery
- Order: Reorder
- Duration: 14:58
- Published: 27 Aug 2011
- Uploaded: 27 Aug 2011
- Author: audiobookmturk14
- Barron's Magazine
- baseball
- Boston
- Boston College
- charitable trust
- City Year
- Double (baseball)
- Fannie Mae
- Fidelity Investments
- First Night
- Ford
- General Electric
- home run
- John Rothchild
- Kemper
- local knowledge
- Lowes
- Magellan Fund
- MCI
- philanthropy
- Philip Morris
- stock investor
- ten bagger
- United States
- Volvo
- Wall Street
- Wharton School
- Worth (magazine)
size: 6.1Kb
size: 2.2Kb
size: 11.1Kb
size: 5.1Kb
size: 4.3Kb
size: 4.4Kb
size: 4.5Kb
name | Peter Lynch |
---|---|
birth place | United States |
occupation | Investor |
title | Research consultant |
employer | Fidelity Investments |
salary | N/A |
networth | US$352 million (2006) |
spouse | Carolyn Lynch }} |
Fidelity
Lynch was hired as an intern with Fidelity Investments in 1966 partly because he had been caddying for Fidelity's president (among others) at Brae Burn Country Club in Newton, Massachusetts. He initially covered the paper, chemical, and publishing industries, and when he returned after a two-year Army stint he was hired permanently in 1969. This time Lynch was charged with following the textiles, metals, mining, and chemicals industries, eventually becoming Fidelity's director of research from 1974 to 1977. In 1977, 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. Lynch's achieved dollar successes in a range of stocks including (by order of profit achieved - source is Beating the Street): Fannie Mae, Ford, Philip Morris, MCI, Volvo, General Electric, General Public Utilities, Student Loan Marketing, Kemper, and Lowes.
Books
Peter Lynch has written (with co-author John Rothchild) three texts on investing, including One Up on Wall Street (ISBN 0671661035), Beating the Street (ISBN 0671759159), and Learn to Earn. The last-named book was written for beginning investors of all ages, mainly teenagers. In essence, One Up served as theory while Beating the Street is application. One Up lays out Lynch’s investment technique including chapters devoted to stock classifications, the two-minute drill, famous numbers, and designing a portfolio. Most of Beating the Street consists of an extensive stock by stock discussion of Lynch’s 1992 Barron's Magazine selections, essentially providing an illustration of the concepts previously discussed. As such, both books represent study material for investors of any knowledge level or ability.Lynch also wrote a series of investment articles for Worth magazine that expand on many of the concepts and companies mentioned in the books.
Investment philosophy
Lynch coined some of the best known mantras of modern individual investing strategies.His most famous investment principle is simply, "Invest in what you know," popularizing the economic concept of "local knowledge". This simple principle resonates well with average non-professional investors who don't have time to learn complicated quantitative stock measures or read lengthy financial reports. Since most people tend to become expert in certain fields, applying this basic "invest in what you know" principle helps individual investors find good undervalued stocks.
Lynch uses this principle as a starting point for investors. He has also often said that the individual investor is 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. Throughout his two classic investment primers, he has outlined many of the investments he found when not in his office - he found them when he was out with his family, driving around or making a purchase at the mall. Lynch believes the individual investor is able to do this, too.
He also coined the phrase "ten bagger" in a financial context. This refers to an investment which is worth ten times its original purchase price and comes from baseball where "bags" or "bases" that a runner reaches are the measure of the success of a play. A "two bagger" would be a double, so by extension, two home runs and a double would be a "ten bagger".
Philanthropy
Though he continues to work part-time as vice chairman of Fidelity Management & Research Co., the investment adviser arm of Fidelity Investments, spending most of his time mentoring young analysts, Peter Lynch focuses a great deal of time on philanthropy. He said he views philanthropy as a form of investment. He 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 14 locations.The Lynches give money primarily in five ways: as individuals, through the Lynch Foundation, through a Fidelity Charitable Gift Fund, and through two charitable trusts.
The Lynches have made gifts as individuals, donating $10 Million to Peter Lynch's Alma Mater, Boston College, naming the School of Education after the family.
The Lynch Foundation, which had $74 million in assets in 2003, supports education, religious organizations, cultural and historic organizations, and hospitals and medical research.
Mr. Lynch was inducted into the Junior Achievement U.S. Business Hall of Fame in 1991.
See also
References
External links
Category:1944 births Category:Living people Category:American money managers Category:American philanthropists Category:Financial analysts Category:American financial businesspeople Category:Stock and commodity market managers Category:American people of Irish descent Category:Wharton School alumni Category:Boston College alumni
de:Peter Lynch ko:피터 린치 he:פיטר לינץ' pt:Peter Lynch ru:Линч, Питер zh:彼得·林奇This text is licensed under the Creative Commons CC-BY-SA License. This text was originally published on Wikipedia and was developed by the Wikipedia community.