You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.

the investment adviser arm of Fidelity Investments spending most of his time mentoring young analysts Peter Lynch focuses a great deal of time on philanthropy. Investment philosophy
Lynch coined some of the best known mantras of modern individual investing strategies. The Lynch Foundation which had $74 million in assets in 2003 supports education religious organizations cultural and historic organizations and hospitals and medical research.

Lynch graduated from Boston College in 1965 and earned a Master of Business Administration from the Wharton School of the University of Pennsylvania in 1968. Peter Lynch (born (1944-01-19)January 19 1944) is an American businessman and stock investor.