Peter Lynch is known for his invaluable stock market lessons, as investors widely follow the market veteran who built one of the best track records in mutual fund history during his stint as Fidelity Magellan fund manager. He strongly advocated for knowing a company properly before investing in it.“If you cannot explain to an 11-year-old in two minutes or less why you own the stock, you should not own it,” he once famously said while delivering a speech in 1997. Lynch explained that understanding the business behind the stock is the most important principle of investing in the stock market.Lynch…