Using this case,T he Fidelity Magellan Fund, $1995$

Q$1$: How well has the Magellan Fund performed in recent years? In making this assessment, what benchmark$($s$)$ are you using? How do you measure investment performance? What does good performance mean to you?

Q$2$: What might explain the fund$$s performance? To what extent do you believe and investment strategy $($such as Peter Lynch$$s$)$ explains performance?

Q$3$: How easy will it be to sustain Magellan$$s historical performance record into the future? What factors support your conclusion?

Q$4$: What is capital market efficiency? What are the implications for investment performance in general?

Q$5$: Suppose you advise wealthy individuals in the area of equity investments. Would you recommend investment in the Magellan Fund in $1995?$ In any $$growth fund$?$ What beliefs about equity markets does your answer reflect?A