Word: magellans
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...securities laws and his time spent in jail. Other financial innovators who changed the way we spend and save might also have made the list, including Dee Hock, a little-known businessman who brought the Visa credit card to prominence, and Peter Lynch, who as head of Fidelity's Magellan Fund was America's most successful money manager...
Nevertheless, the disparity in price has simply grown too wide between big and small companies with comparable earnings per share and comparable prospects going forward. Last week the great Peter Lynch--who outperformed the S&P for the 13 years during which he made Fidelity's Magellan Fund America's largest--brought his common-sense wisdom to bear on the issue. He's adamant that the real value today is in the little stocks, and he's confident that some will grow to be big ones. You have to get the next Ciscos and Intels precisely when they...
...famously avid reader of self-help books, and it shows when he says things like "The Magellan within all of us is going to save us." It's a reference not to mutual funds but to the Portuguese explorer, by way of The Truman Show, which Carrey likes to see as an allegory about self-actualization: "It's a hopeful story. It's about a man who will not be beaten. Presented with a challenge, he becomes the explorer he always wanted to be. In my best scenario, I want to turn out to be Truman Burbank. I want...
...Tuesday is the last day for first-time investors to sign on with Magellan (Money Daily...
About 75% of the money in stock-index mutual funds is tied to the S&P 500. The biggest of those funds, the Vanguard Index 500, has $44 billion and is rapidly closing in on the nation's biggest stock fund, Fidelity Magellan ($58 billion), which is not an index fund. Stock-index mutual funds are only a small part of the story, though. Pension-fund managers have been indexing for two decades to ensure that they earn a market rate of return. They have some $600 billion to $700 billion tied...