Let's be real: In the back of every investor's mind is the hope that the stocks they invest in will turn into home runs. Some homers might be a good return in a short period of time, but for many investors, home runs are also stocks that turn into multi-baggers over a longer investing time horizon.

If you are a new investor or are ready to dedicate more time to finding those home runs, I would definitely recommend trying to learn from the wisdom of Peter Lynch.

Lynch is legendary for heading up Fidelity's Magellan Fund, which he grew from $18 million in assets in 1977 when he took over to an astounding $14 billion of assets by the time he left the fund just 13 years later in 1990. That equates to an average annual return of 29.2%. Let's take a look at Lynch's advice for finding home runs in the stock market.

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Source Fool.com