02/11/2021
Do you have the stomach to handle the volatility of the investment market? π€
The amount of bad news you can hear is almost infinite now. πͺ The question lies in your tolerance for pain. There will be declines in the investment markets. But can you stomach the declines? Most successful investors do well because they can just hang in there. π°
Peter Lynch is recognised as one of the most successful investors of all time. During his time managing the Magellan Fund at Fidelity (1977-1990), the fund averaged 29% returns per year, increasing assets under management from $18 million to $14 billion as of 1990. π―