How Many Stocks Should You Own?
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You are probably familiar with legendary investor Peter Lynch, who gained his considerable fame managing Fidelity’s Magellan Fund. The fund earned an annualized return of 29% during his 13 years running it, more than twice what the S&P 500 (SPY) (VOO) earned during that time.
Mr. Lynch is well known for his book One Up On Wall Street, where he explains that individual investors can outperform fund managers because they are unencumbered by short-term performance…