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Benzinga
Benzinga
Business
Bibhu Pattnaik

Peter Lynch: You Shouldn't Own a Stock if You Can't Explain It to an 11-Year-Old in 2 Minutes

Peter Lynch Buffett Walmart United States
Peter Lynch

Famed investor Peter Lynch once underscored the significance of understanding the business behind a stock before investing in it, while also questioning the efficacy of economic forecasting.

What Happened: Lynch, who is recognized for his successful stint at Fidelity Investments, disclosed his investment insights during a 1997 speech.

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