Peter Lynch is one of the most successful and well-known investors of all time. Lynch is the legendary former manager of the well known Magellan Fund out of Boston. He took over the fund in 1977 at age 33 and ran it for 13 years.
Peter Lynch’s comments in this video are almost 30 years old but the message is as true now as it was then; it is imperative that investors know what they own in order to be successful at investing. Speculating and following short-term market sentiment while chasing trends is the best way to lose money in the long-term.
Length: 1:00:00 (jump to 9:00 mark for speech start)| Format: Video | Lesson: FTR-L5-0521