Experience Shapes Our View
"The key to making money in stocks is not to get scared out of them." - Peter Lynch1
Peter Lynch amassed one of the best track records of any investor in any era. As you may know, he navigated the Fidelity Magellan fund for 13 years - May 1977 through May 1990. He is insightful and wise, so it is smart to at least consider his advice. In this letter, I want to draw on several of his insights because his perspective may be helpful - particularly during periods of turmoil....
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