Discipline enabled Lynch to average an impressive 29.2% return during his tenure at the Magellan Fund. His performance is even more remarkable given the difficult backdrop of runaway inflation and sky-high interst rates that existed when Lynch began his investment journey.
For investors, discipline starts by having and maintaining a written investment plan. Lynch understood that without a rigorous framework, most investors would self-destruct.
It’s been said the biggest enemy of a good plan is the dream of a perfect plan. And unless your investment plan is written down, it’s not much of a plan.
Our Investment Policy Statement tool honors Peter Lynch’s timeless wisdom and zeal for disciplined investing.