Peter Lynch In New Interview: The Old Rules Still Work; How To Look And Verify

Peter Lynch still sounds like Peter Lynch. Plain talk. Company first. Homework over hype. In a new (and rare) interview with Downtown Josh Brown on The Compound, he revisited the habits that defined his Magellan Fund years and applied them to a market obsessed with speed, platforms, and headlines. He kept the focus on businesses and the work. He waved off macro trends and went back to company debt levels, cash flow, store counts, and margins.

A career built on work and clarity

Lynch’s career began the old-fashioned way. He caddied for executives, heard them talk stocks, looked them up, and watched the prices a few months later. “Pretty good deal,” he remembered. That summer job led to an interview at Fidelity. He took the research assignments nobody wanted. Textiles. Steel. Metals. He learned to survive the hard way and kept at it.

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Managing Magellan meant living through drops. “I think the market went down 10 times those 13 years. I went down more every time than the market,” he said. He kept going anyway and heard from shareholders during the 1987 crash who wrote, “Hang in there. It’ll be great.”