This is the Part-2 of the Peter’s Principles series. To read Part-1 click here.
Peter Lynch managed Fidelity’s Magellan Fund from 1977 to 1990 and stacked up a CAGR of 29.2%. “Invest in what you know” is Lynch’s mantra and he is of the opinion that individual investors have the edge over the fund managers, because they can spot good investments in their day-to-day lives before any Wall Street analyst.
In the previous post, I wrote about the first seven principles. In this, I’ll skip the 8, 9 and 10th because I feel they may not be very relevant today. So let’s jump to principle number 11.
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