Peter Lynch was one of the most successful investors in modern history. The Fidelity money manager earned a 29.2% annualized return on his Magellan Fund over the 13 years he ran it, from 1977 to 1990, more than doubling the S&P 500 over that time.  

That kind of growth rate would have turned $10,000 into more than $275,000 in just 13 years. It’s no wonder why Lynch’s books One Up on Wall Street and Beating The Street are two of the best-regarded books on investing, and investors continue to follow his playbook nearly 30 years after his retirement.

A man in a suit studying a notebook.

Image source: Getty Images.

Lynch had a few core ideas that make his investing philosophy perfect for even a beginner. First, he believed investors…

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