Symbols of the Federal Bureau of Investigation of the FBI; the red stripes stand for courage, valor, and strength, while the white ones represent light, cleanliness, and truth. Below the wreath and shield is a scroll bearing the words "Fidelity, Bravery, Integrity". This slogan, which was devised in 1935 by FBI Inspector W.H. Drane Lester, describes the high moral standards and high level of motivation the FBI expects from its staff. It also reflects the Bureau's own initials as a "backronym" of sorts. However, a "Newsweek" article from 2008 credits Edward Allen Tamm, once a top aide to J. Edgar Hoover who regularly briefed President Franklin Roosevelt
Fidelity Magellan Fund Fidelity Magellan Fund The Fidelity Magellan Fund () is a US-domiciled mutual fund from the Fidelity family of funds. It is perhaps the world’s best known actively managed mutual fund. On January 14, 2008, Fidelity announced that the fund would open to new investors for the first time in over a decade. Fidelity earns its income, like most mutual funds, from fees charged on its assets under management. From the fund’s inception in 1963 through 1977 Magellan grew to $20 million in AUM. The $20 million fund Peter Lynch inherited grew to $14 billion in AUM during his tenure. During