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Magellan's Lynch leaves today
[FINAL Edition]
USA TODAY (pre-1997 Fulltext) - McLean, Va.
Author: John Waggoner
Date: May 31, 1990
Start Page: 02.B
Section: MONEY
Text Word Count: 603
Abstract (Document Summary)

[Peter Lynch] has been lauded as the Babe Ruth of the investment world, but a better comparison is probably with Joe DiMaggio, who had a hit in 56 straight games, a record that has never been beaten. Lynch credits his success to the fact that Magellan, while never the No. 1 ``home run'' performer for a year, has consistently beaten the average stock fund for the 13 years Lynch has run it.

Lynch's long hours working on the fund - and the knowledge that his father died at 46 - led to his resignation this year. ``I've got a reputation as a workaholic, but I didn't start working Saturdays until 1982,'' Lynch says. ``Still, I need to recharge my batteries.'' His plans? ``I'll probably have my first summer at home,'' Lynch says. ``I want to spend more time with my wife and children.''

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