Legendary investor Peter Lynch shares the 2 things investors should look for when picking stocks - and one big pitfall to avoid

• Legendary investor Peter Lynch has a long track record when it comes to picking individual stocks. 
• He generated big returns when he managed Fidelity's Magellan fund and popularized investing in what you know.
• Here are the two things investors should look for when picking stocks, and one trap to avoid, according to Lynch.

Legendary investor Peter Lynch, who grew Fidelity's Magellan fund assets under management from just $20 million in 1977 to $14 billion when he retired in 1990, offered investors advice when it comes to picking individual stocks.