Tuesday, June 9, 2009

Peter Lynch inducted into the Academy of Distinguished Bostonians

Peter Lynch is known throughout the world for his tremendous success at Fidelity’s Magellan Fund.

For 19 years under Peter’s leadership, Magellan leveraged the strength of average people and transformed the way that working class Americans viewed investing.

At its peak, one in every 100 Americans was a Magellan investor, and Peter’s two books on investing, “One Up on Wall Street,” and “Beat the Street” have each sold more than a million copies.

And yet, for countless organizations in Greater Boston, Peter’s greatest achievements came after he retired from Magellan in 1990, and devoted himself to providing educational opportunities for inner-city students.

Over the past 20 years, the Lynch foundation has raised more than $125 million in endowments and scholarships for countless organizations including the Catholic Schools Foundation, Boston College, Teach for America, Partners in Health, First Night, and the Special Olympics.

And those who have worked with Peter in these efforts told us more…

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