The number of videos available online starring Peter Lynch was exactly two until May 1, 2014, when someone on YouTube uploaded "Peter Lynch on Investing in the U.S. Economy" from 1994. If you've never heard of him before, what you need to know is that he, in 1977, took over the Fidelity Magellan Fund.
The number of stocks in the Magellan Fund was 40 when Peter Lynch took over. The number of stocks soon increased to 1,400. 200 companies represented 66 percent of the portfolio. The Magellan Fund became the largest mutual fund in history and it had over a million shareholders. The sad thing is that many shareholders didn't make money by owning the fund since they often sold it at the bottom of the market. In total, Peter Lynch bought 15,000 stocks and analyzed 150,000 companies. To help him, he had Fidelity's research apartment, but he still made all decisions himself. In 1990, Peter Lynch left the Magellan Fund. The Fund had increased with 29 percent each year.