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Thursday, December 31, 2015

People Still Stop Peter Lynch For Selfies

News summary by MFWire's editors

Peter Lynch still gets asked by random strangers for selfies, but not investing tips. And he prefers stock-picking to golf.

Those are several tidbits revealed in a recent interview the star former Fidelity Magellan PM granted to Chana Schoenberger of MarketWatch.

Peter Lynch
Former Magellan Fund Portfolio Manager
Yet Lynch also used the interview to try to set the record straight on the investing ideology that is widely credited to him, "invest in what you know." Lynch tells the publication that he recommends that people invest in companies in the field they work in, that they understand, combined with fundamental analysis and study. He worries that that research side of the equation gets lost in translation sometimes.

"People buy a stock and they know nothing about it," Lynch tells MarketWatch. "That's gambling and it's not good."

Oh, and Lynch still likes investing; he says it "beats the hell out of golf!" 

Edited by: Neil Anderson, Managing Editor

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