A Wall Street legend explains why it 'disturbs' him when people tell him they 'play the market'

pulse

May 3, 2017 6:54 PM

Peter Lynch is a mutual fund legend. And in a recent interview with Institutional Investor, he explained why the phrase "play the markets" is disturbing.

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"Playing the markets" is a common idiom on Wall Street.

But Peter Lynch, a mutual fund legend, is no fan of the expression.

For 13 years, from 1977 to 1990, Peter Lynch headed the Magellan Fund of Fidelity, the Boston-based multinational financial services corporation. He retired in 1990 at the top of his game and is often considered one of the best stock pickers to ever run a mutual fund.

with Institutional Investor's Kip McDaniel, Lynch explained why he is disturbed when people tell him they 'play the market' or are 'looking to play the market.'

Watch the full interview »

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