3 Stocks Peter Lynch Would Love
Peter Lynch rose to fame in the 1980s as Fidelity Magellan's fund manager. He ran the portfolio from 1977 until 1990, racking up big, market-beating gains for its shareholders. His 29% annual return was about double the S&P 500 Index, leading to a $1,000 investment growing to $28,000 in those 13 years.
The legendary investor shared his wisdom by writing books, notably One Up on Wall Street and Beating the Street. His key concepts were to invest in what you know, look for companies that have a competitive advantage, and those that have a strong balance sheet.
With these solid principles, it is time to look at a couple of retailers and a maker and retailer of athletic goods that would earn Peter Lynch's approval.
Source Fool.com
