The Behavior Gap

Your portfolio is like a bar of soap…the more you handle it the smaller it gets.Q2 2020 hedge fund letters, conferences and moreFidelity Magellan Fund (MUTF:FMAGX) was one of the top performing mutual funds in the US between 1977 and 1990. It was managed by legendary investor Peter Lynch, who popularized the concept of investing in what you know. His fund generated an annualized return of 29% during his tenure at Fidelity Magellan.Fidelity Magellan vs The S&P 500This means that a $10,000 investment in the Fidelity Magellan at the beginning of 1977 would have been worth $291,782 by June 30, 199…

Read More

HEDGE accordingly