The famous quote by one of Wall Street's most successful money managers, Peter Lynch, is a timeless investing aphorism to remember as the world lurches from one geopolitical crisis to another. "Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves."
Market guru Peter Lynch's Magellan Fund grew from $US20 million to $US14 billion between 1977 to 1990. Bloomberg
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
