Compare that with average investor equity returns, which are 1.4% lower, and the returns are about $92,000. While that's still a great return, it's barely half the value of a buy-and-hold strategy on the S&P 500. Only buy what you understand-Peter LynchPeter Lynch is well-known for his performance running the Fidelity Magellan fund (NASDAQMUTFUND: FMAGX), earning 29% annually, nearly doubling the S&P 500 returns while managing the fund from 1977 to 1990. While running the Magellan fund, he had to put aside all the hype surrounding him and focused on strong companies. So how did Mr. Lynch find valuable companies to return 10 times their investment?

Source: Daily Sun September 08, 2021 12:22 UTC