Every once in a while, I like to take a closer look at an event that comes up in our “This Day in History” archive, which gets posted daily on Facebook, Twitter, and is now available as an Amazon Flash Briefing.
Today we look into the life of Peter Lynch, whose birthday is this week, and who is one of the most successful mutual fund managers in history.
What did Peter Lynch look for in an investment, and what stocks would Peter Lynch buy today?
Lynch looked for 5 key criteria when selecting an investment:
Buy What You Know
Growth At A Reasonable Price
Avoid The Hot Stocks
Strong Balance Sheet
We’ll look at these in more detail below, and a list of companies that meet all of these criteria – but first a quick look at Lynch’s historic run as a mutual fund manager: