The original Peter Lynch article and short radio interview here:
He’s said three of Fidelity’s active funds have beaten the market over the past 10, 20, 30 years. I don’t invest in active funds myself, but I do pick stocks and looks like I am beating the market in the few years since I started picking stocks.
I’d have to look into the funds a bit more and compare to other funds to draw any conclusions. You can see their returns on Google and compare it to the market.
Interestingly, with respect to active funds, Peter Lynch said the average investor LOST money when investing in his Magellan fund which was arguably one of the best returning funds of all time. That just shows some of the psychology of investing.