Wayback machine: Fidelity Investments to be sold, soon
Remember back twenty years ago when the rumor was that Fidelity Investments was going to be sold**?
Dateline: 1986
Where: Fortune magazine
What: Why Fidelity is the Master of Mutual Funds
In an interview for this story, Magellan manager Peter Lynch predicted that ”the odds of the company being private 20 or 30 years from now are limited.”
Fortunately, he was better at picking stocks than making predictions.
Well, there’s another ten years to go, right?
(** To MERRILL LYNCH, no less.)
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