New Delhi, Feb. 11 -- Retail investors are often caught on the wrong foot, trying to chase momentum. Legendary investor Peter Lynch recently pointed out this behavior where he said that investors often spend more time while buying a refrigerator or an aeroplane than they do investing in a stock - a mistake that costs them.

In a recent clip making rounds on the social media platform X of his interaction with CNBC, Lynch said that chasing a stock just because it's rising is not a good decision, and neither is acting on stock tips floating around you.

"The sucker's going up is not a good reason," Lynch said, cautioning individual investors against blindly following tips or price trends without understanding the underlying business.

Lynch,...