Peter Lynch Says All-In on Passive Investing Is All Wrong
- Ex-Fidelity Magellan manager says move to passive is a mistake
- Lynch is donating 30 works of art to McMullen Museum of Art
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Peter Lynch has a word for people who have gone all-in on passive investing: You’re losing out.
“The move to passive is a mistake,” the former Fidelity Magellan fund manager said in an interview with Bloomberg Radio’s Baystate Business to be broadcast Tuesday. “Our active guys have beat the market for 10, 20, 30 years, and I think they’ll keep on doing it.”