New Delhi, Feb. 13 -- The stock market declines can be quite jittery for investors, especially when a once-high-flying stock starts to nosedive. Legendary investor Peter Lynch, famed for his tenure at Fidelity Magellan Fund, offers timeless advice on how to navigate these turbulent times.

In a video making the rounds on the social media platform X, Lynch is seen citing many reasons why investors get caught in a wealth trap. To avoid catching falling knives, the market veteran has simple suggestions, including avoiding buying just cause it's fallen, to understanding what you own - a key principle to his investing approach.

Citing one of the biggest mistakes that people make, Peter Lynch said that they buy a stock just because it has gone...