Born in 1944, Lynch started his career as a textile analyst in Fidelity mutual fund. From 1977 through his retirement in 1990, Peter Lynch steered the Fidelity Magellan Fund to a total return of 2,510%, or five times the approximate 500% return of the Standard & Poor's 500 index. No fund manager in history has ever run such a large fund, so successfully, for so long. In his 1989 book One Up on Wall Street, Lynch described a variety of strategies that individual investors can use to duplicate his success. Lynch generally looked for three qualities in a good company: profitability, price and a good business model. Lynch was always on the hunt for the above-average profit opportunities. Another philosophy of Lynch for sustained growth was "buy what you know".

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