Peter Lynch - Investment Philosophy

What He Looked For

• Companies with expanding store counts
• Companies whose products he used personally
• "Story" that could unfold over years
• PEG ratio < 1

What He Avoided

• Companies with excessive debt
• Management with poor track records
• Hype and momentum
• Too-concentrated portfolios

Summary

The legendary Fidelity fund manager who ran the Magellan Fund from 1977-1990, achieving 29% annual returns and demonstrating that individual investors could outperform professionals.

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