Why Peter Lynch Would Love Freshpet Stock
Peter Lynch, who ran the Fidelity Magellan Fund from 1977 to 1990, was famous for avoiding tech stocks. "I never really understood how electricity works," he once said in an interview. In his first two books, One Up On Wall Street and Beating the Street, Lynch laid out an investing philosophy that can be summed up as "invest in what you know."
While many investors buy fast-growing tech stocks without fully understanding them, Lynch had an impressive record buying a lot of under-the-radar stocks in simple (and sometimes boring) industries. How successful was he? If you invested $10,000 in his fund in 1977, your account balance would be up to $280,000 by 1990. In Lynch's lingo, that's a 28-bagger!
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Source Fool.com