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a boy who was born in an ordinary middle-class family lost his father when he was ten years old and became the world's most successful investor. Let's go to the video. Peter Lynch was born in 1944 in Newton Message. When he was 10 years old, his father died of cancer. He was in a hurry to support the family.
Peter Lynch's mother was the housekeeper and they started working. Peter Lynch, knowing about his family's situation, also joined some kind of job. He joined a bad job and started working for them. This bad job is to help the player at the golf club and at the same time train the player. Those players often He hears people talking about the stock market and he also starts to get interested in the stock market.
This is how his investment journey starts. Peter Lins gets a scholarship from working in that crappy job. He joins a finance course at a college called Boston. He completes his finance course in 1965 and graduates. A year goes by and then he does an internship at the Fidelity Broking Company. That's where his life-changing movement happens.
Then he invests in an airline company called Flying Tiger. It becomes one of the most successful investments. Then he takes that money and helps him pay for his graduate school. So that money He paid for graduate school and completed his MBA at the University of Pennsylvania Wharton School in 1968. He then married a woman named Caroline.
From 1968 to 1970, he worked under the Army ROTC program. At the age of 25, he joined the same FedEx company full-time as a metals and textile analyst. In 1977, Peterlin decided to take the small McCallan Fund to the next level. At that time, the McCallan Fund he was managing was giving an average return of almost 29% and was the biggest talking point among the people.
Because that 29% return was not an ordinary thing, at that time, the SNP 500 Index, which is the index of America, was generated He is giving his investors double the profit for doing so. This is how Peter Lynch started becoming famous among the people. Many people and investors are starting to believe that active funds can generate better returns by using Peter Lynch as an example.
Because the return that Peter Lynch generated was 29%, it was not a normal return. That was a huge return. The McCallan Fund, which was managing only 165 crores, grew to manage almost 116000 crores. The main reason why Peter Lynch gave this fund so far among the people and built such a big empire is Peter Lynch alone.
Peter Lynch is the only person who is important for building such a big empire. When Peter Lynch managed the McCallan Fund, one in 100 people in America was a McCallan. They have been investing in the fund, so it is clear from this that Peter Lynch has earned the trust of the people. Peter Lynch, who had been managing the McCallan Fund for 13 years, announced his retirement in 1996 at the age of 46.
He then worked as the vice chairman of the company Pedalit until now. This is the history of Peter Lynch's career by what is known as Uno. This is Peter Lynch's famous quote. What this quote means is that you should know what you are buying. He is not telling investors. Peter Lynch has written three books for investors.
By reading these three books, you can gain better knowledge about investing. In those three books Once Upon a Time on Wall Street Beating the Street Learn to Read These Three Books If you have time, you can gain knowledge by reading them. A man named Peter Lynch worked hard for his family and studied hard to become the most successful investor in the world.
So what can we learn from this? It doesn't matter where we are in our life. It does n't matter what we are doing with it. As long as we keep developing our knowledge, everything will change one day. That's what matters. So what can we learn from this? As long as you keep developing your knowledge, what you think will definitely happen one day.
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