Peter Lynch talks about his secret to success in the stock market. Lynch is an accomplished investor, managing the Fidelity Magellan fund that continually outperformed the market. He has published several popular investing related books such as One Up on Wall Street.
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▪️Charlie Munger: 100 Years of Wisdom Summed Up in 20 Minutes: https://www.youtube.com/watch?v=S15XpqbUFFA&list=UU2cL3pI1H3tiozKif6A8fmA&index=19
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49 Comments
This interviewer is insufferable, he just won’t let Peter speak
Great video!
Please stop interrupting
Peter Lynch’s secret? 'Know what you own.' Success comes from understanding your investments, not chasing trends.
"I've come to know and believe that listening is a principle, essential quality." – Interviewer
Obviously not you regard stop interrupting Peter Lynch
Peter Lynch subtly stating that interrupting the person who is responding to your question to Charlie Rose is gold.
🙏Great teacher….
17:04 this clearly went over the interviewers head 😅
Manage ppl is not easy
What they want
Leader yourself
Persistent
Listen
2 worldly things to teach your kids. Learn a skill. Learn to invest.
Charlie is such an asshole. Constantly interrupting and taking him off course.
What is the DATE on this interview? Good to know for context.
Peter Lynch is my legend.
Let him talk !!!
OK where can I fill my boots with ToysRus… Can't seem to find the ticker symbol😁
Peter mentioned on minute 17 that he gets interrupted but this guy didn't get the message 🤦🏼♀️😆
This guy is a inspiration he’s the true American dream
GOAT of investing
Love you Peter!!!
Rose is the worst interviewer. He needs to shut up and let his guests speak
0:35 For 13 years, Peter's average return was nearly 30% per year (29.something%) [from 1977-1990]
1:49 I worked every Saturday for 11 years
3:35 About 85% of people in prison are illiterate
8:03 All these people were problem solvers and had to manage people (great leaders)
8:12 Management is getting things done through others
8:35 There's a difference between being persistent and stubborn
10:13 1 out of every 100 Americans was in the Magellan fund
10:31 During the 13 years, 10 times the stock market went down by over 10%
10:51 If the company's fine, it's fine (that the stock goes down)
11:53 You wanna get in in the 1st, 2nd, 3rd inning
12:35 Cyclicals
12:48 Complacency, concern, capitulation (three bad things to avoid)
13:18 Do they have years of growth ahead of them? If so, stay with them, even if the stock goes down
13:52 Long-time stocks are gonna decline. Some of my best stocks have gone from $18 to $8 then $40
14:04 If the fundamentals are getting better or are the same, he'd still buy more stocks even if the price was going down
14:57 Listening and being nice (qualities he recommends)
17:16 Human/tact skills are not taught anywhere
17:46 Nowadays, people buy stocks for a second and own it for a second—I think that's a waste of time
17:53 On the positive side, information to the public is so much more available today
18:19 You don't want to invest in a company whose balance sheet says $8 billion in debt, no cash, losing money
19:39 If you want to invest, do the same kind of research as when you buy a refrigerator — do some homework
20:22 Put some money in a retirement account — it'll compound tax-free — start early and the numbers will be amazing
20:48 Find out, what am I good at? What am I bad at? Am I really good at turnarounds? Small-growth companies? Maybe I pay too high for companies
20:55 You can do this for 4 or 5 years and learn what your skills are and specialize in that
21:03 The average person: all you need is a few (good/great companies) in a lifetime
23:14 When I ran Magellan, I was right 6 times out of 10, but when I was right, I made it double or triple. It offsets the times you're wrong 30 or 40%
23:22 You can be right only 1/3rd of the time and still succeed (be profitable) as long as you get good results when you're right
23:39 Be careful and optimistic
24:07 Corporate profits have grown by about 7% or 8% a year — that means they double (including dividends) about every 10 years, 4x every 20 years, 8x every 40 years
24:28 The next 2 years, who knows how good the stock market will be
24:41 We like to see something new (on vacation)
24:46 Cappadocia, Turkey
24:52 Santorini (Island)
17:04 that's actually a subtle message to the interviewer by Lynch
Do make money, but cherish and nurture your family as a priority. That's one of the biggest takeaways watching some of the greatest investors speak.
The interviewer is a clown
my god he's actually peter lynch
Ok, what's impressive about Mr. Lynch is that he made his fortune and he said "ok, this is enough". And then he just retired and focus on enjoy his life with family. Also I guess he has given a lot of his money to charities.
The man really lived his life. After all, all that money you made will stay here after you are gone. On your last minutes of your time here, you just gonna remember the moments with your beloved ones, that's it.
Why do interviewers not shut up and let the expert talk? So annoying!
Turns out ol’ Charlie Rose pissed off a lot of women.
Lol I love how Peter lynch just schooled the interviewer how to interview people 😂 who else caught on to this? Lol
I watched the 1997 interview Charlie Rose. Then I watched this one, which took place in 2013. Frustrating to see that he took the same approach to the interview.
Great congratulations
I agree that the interviewer was too concerned with his own agenda and not listening to Peter. Lousy job.
I think I will be as successful as Peter:)
Year of this interview?
What year was this interview conducted?
Thank you. He's really inspiring.
Nice that today being a drop out isn't still a tragedy
Is he/was he right on fracking?
If Rose would shut up and stop trying to offer his cliche opinions he might learn something. Wasted opportunity. Lynch is a gem.
0:30 How do they come to 14 billion? If we calculate 18 million for 13 years with an annual return of 30% – we have about half a billion. Have I missed anything?
This is a horrible interviewer
This interviewer really loves to hear himself speak. At 17:00 Lynch even reminded him but he just kept on talking
My god the interviewer! Stop interrupting Mr.Lynch!
What was the date of this excellent interview?
I read his 2 books…great.
He started when the market was the shits and the market went on a 20 year bull run thus the 30 per cent returns.
The quiet string socially tap because partner comparably pretend along a quixotic tuesday. known, violent pantry
He seem like a real down to Earth
Mr Lynch is/was such hands on investor, more so than the Oracle of Omaha.
Lynch slapped him at 17:04 – 17:17, and Rose was too self-absorbed to even realize it. Ah, the irony!