Pro's Advice to 'Buy What You Know' Doesn't Always Work

Filed under: Consumer Goods, Food & Beverage, Stocks, IPOs, Investing

Michael Springer/Bloomberg via Getty ImagesLegendary Fidelity Investments fund manager Peter Lynch Peter Lynch made mutual funds popular and investing cool a generation ago. From 1977 through 1990, he took the initially fledgling Fidelity Magellan mutual fund from $18 million in assets to a whopping $14 billion by the time he stepped down 13 years later. The fund came through with an average annualized return of 29.2...

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