How To Invest Like Warren Buffett And Peter Lynch

Here's an interesting YouTube vid "How To Invest Like Warren Buffett And Peter Lynch":
http://www.youtube.com/watch?v=a-q17Ag0Ojc

Warren Buffetts general strategy is supposedly outlined in it. Here's what Buffett looks for, allegedly, according to the vid:
- consistent earnings pattern over 10 years - look for earnings predictability for the future - which should be steadily increasing earnings
- high ROE over 10 years
- debt which can be repaid within 2-5 years out of the earnings of the company, which is an interesting take on financial leverage

Unfortunately, he doesn't mention what PE ratio is acceptable. I suspect that it's higher than the usual "bargain bucket" prices that value investors are interested.

Despite the vid title, Lynch isn't really mentioned.