Amazon.com: Legendary investor Peter Lynch, who managed Fidelity's Magellan Fund during the 13 years when it racked up record gains, sits for a one-on-one interview with financial editor Gretchen Morgenson in this video produced by Forbes magazine. Lynch's basic approach to investing is that opportunity exists all over, and he has always stressed that practical research into a company's potential can make virtually anyone a great investor. Know what the companies do, Lynch stresses, noting, "You should be able to explain to a 10-year-old in three minutes why you own a stock." If you don't understand a company, Lynch notes, when the stock goes down you don't know whether to add to your position or get out entirely. Lynch is not a believer in fast riches, noting that while you can lose money fast by investing recklessly, your best returns will really accumulate after several years of owning a stock. Throughout the interview, Lynch gives good practical advice, and his down-to-earth manner will give confidence to those who may be thinking of investing but aren't quite sure how to begin. Even experienced investors will benefit from the stories from his career that Lynch imparts in this highly informative video. --Robert J. McNamara
