How to pick stocks the Peter Lynch way

Peter Lynch, a mutual fund manager in the US, was at the helm of the Fidelity Magellan Fund for 13 years. During his tenure, the fund's AUM grew from $18 million to $14 billion, gave investors an annualised return of 29 per cent and was the top-ranked equity mutual fund. Investors who had initially invested with the company saw their wealth multiply 27 times. Peter Lynch's approach focuses on looking at those companies that stay away from the limelight, sectors temporarily unpopular due to external circumstances and searching for investment ideas from day-to-day experiences. Lynch believes that an average retail investor, backed by the right tools, could easily beat professional fund managers on Wall Street. These principles have