Ive been watching so much news lately because of the coronavirus its depressing me. Its refreshing to hear someone like Peter speak in such an honest and humble tone
This is a terrific little excerpt from Rukeyeser's wonderful show. Although the clip from Peter Lynch is worth watching, my favorite is the interview with the then 98 year old stock market legend, Philip Carret, and his response to Louis' question about what he does when he sees that the market is about to fall.
It's like Phillip Caret was predicting a tech bubble 5 years before it crashed and it did. Lou always had the masters on his show. Truly one of a kind.
(Peter Lynch) 1:02 It's a mistake to buy stocks just because they fell by a certain amount 1:09 When you buy on that basis alone, that's called bottom-fishing and is very very difficult 1:13 I've had a rough go with that 1:14 Standard Oil fell from $90 to $60 and I thought it wouldn't go lower, then it fell to $50 and thought it wouldn't go lower, then to $40 and thought this was it, then under $30 (Phillip Carret) 2:00 Single most important thing about investing: patience 2:08 I buy stocks to hold for 5 years, 10 years 2:38 The stock market is dangerous at its present levels (in April 1995 the S&P 500 P/E was 14.95 and would actually continue to rise to a P/E of 33.52 in March 1999) 2:44 A lot of froth on the bone 2:55 1987 the market went down 500 points in a day 3:05 In the long-run this is a great country 3:12 In the long-run the market will recover and people who buy the right stocks and sit on them will do very well 3:28 I really don't do anything (even when the stock market looks due for a crash) 3:33 I bought them for the long haul. I've seen a lot of recessions and I can live through them
Correct. But he did say do research on company financial statement so that it can help you to develop company stories. If quantitative is the best way to go for investing..then all ppl taking accounting studies would be all rich by now..
Philip Carret warned of high market levels in '95 right at the start of a 5 year parabolic ramp. On the other hand he was correct that he wouldn't live the better part of another 10 yrs. He died 3 yrs later.
@GoldeWC I think this is because they actually derive more enjoyment working for their fund rather than what normal people would do for early retirement. What are they going to do after they retire?? Go back to their fund. They are not investing for more wealth in the latter stages, they just find the challenges rewarding.
@GoldeWC erm... dude... the greatest investors have had long careers and that is why so many seem to be so old, if they wanted to retire early with the first 100 million they have at least 20 or 25 years to enjoy their money
Investing is so simple at its core, people complicate things for themselves both by ignorance and also arrogance. Funny thing is the arrogance doesnt go away , you foster it into the champion you become. A point where you deserve to have an air of arrogance
Peter is so talented and such a humble guy
Just read one up on wall street, one of the greatest investing books ive read
Adidas420778 finished reading today !!
Manny ,Moe, and Joe!
Ive been watching so much news lately because of the coronavirus its depressing me.
Its refreshing to hear someone like Peter speak in such an honest and humble tone
Thank you...Mr Lynch for your eternal book...🙏👍
This is pure gold!!! The amount of wisdom from these great men. Remember stick to the roots, and follow the pioneers of the investing game.
This is a terrific little excerpt from Rukeyeser's wonderful show. Although the clip from Peter Lynch is worth watching, my favorite is the interview with the then 98 year old stock market legend, Philip Carret, and his response to Louis' question about what he does when he sees that the market is about to fall.
This video is so old and still true. Even uploaded so many years ago
That was a wonderful weekly show, successfully invited proven investors. Since, there hasn’t been an equivalent market report/show in several decades.
agree
This and the old NBR were my must see's
This is the point at which Lynch's hair was thinking about freaking the fuck out.
And it did.
lol
It's like Phillip Caret was predicting a tech bubble 5 years before it crashed and it did. Lou always had the masters on his show. Truly one of a kind.
Everyone is right in the long run
(Peter Lynch)
1:02 It's a mistake to buy stocks just because they fell by a certain amount
1:09 When you buy on that basis alone, that's called bottom-fishing and is very very difficult
1:13 I've had a rough go with that
1:14 Standard Oil fell from $90 to $60 and I thought it wouldn't go lower, then it fell to $50 and thought it wouldn't go lower, then to $40 and thought this was it, then under $30
(Phillip Carret)
2:00 Single most important thing about investing: patience
2:08 I buy stocks to hold for 5 years, 10 years
2:38 The stock market is dangerous at its present levels (in April 1995 the S&P 500 P/E was 14.95 and would actually continue to rise to a P/E of 33.52 in March 1999)
2:44 A lot of froth on the bone
2:55 1987 the market went down 500 points in a day
3:05 In the long-run this is a great country
3:12 In the long-run the market will recover and people who buy the right stocks and sit on them will do very well
3:28 I really don't do anything (even when the stock market looks due for a crash)
3:33 I bought them for the long haul. I've seen a lot of recessions and I can live through them
Thank you 🙏
Peter was a beast. Simple is elegant.
The intelligent investor is a quantitative book, one up on wall street is qualitative, two different approaches to investment.
Correct. But he did say do research on company financial statement so that it can help you to develop company stories. If quantitative is the best way to go for investing..then all ppl taking accounting studies would be all rich by now..
Buffet is a combination of both..same as peter lynch
Yes u are right
Thank you for your sharing this video.
Philip Carret warned of high market levels in '95 right at the start of a 5 year parabolic ramp. On the other hand he was correct that he wouldn't live the better part of another 10 yrs. He died 3 yrs later.
he was right
No denial No BS no wonder he was a good investor
In This Clip, From 1:53 To 3:42, It Was PBS-TV's Wall $treet Week's Report On Philip L. Carret On Friday Night, April 28, 1995.
philip L.Carret:" patient", haha i'm really appreciate it :))
1995 was the start of a bull market
2020 the end.
@@loveormoney786 Wrong.
@@badger657 why?
Peter Lynch was 38 in this video and had been running Magellan for 5 years
He is legend
In This Clip, From 0:19 To 1:40, It Was PBS-TV's Wall $treet Week's Report On Peter Lynch On Friday Night, October 29, 1982.
Well, Lynch said in his book not to catch the falling knife. But he also said buy good companies when market goes low.
More Phil Carret Video please
@GoldeWC I think this is because they actually derive more enjoyment working for their fund rather than what normal people would do for early retirement. What are they going to do after they retire?? Go back to their fund. They are not investing for more wealth in the latter stages, they just find the challenges rewarding.
aamzing video quality for a video frpm 2008......... and no i am not correcting my spelling mistakes
Interesting contrast: Lynch doesn't like something when it goes too low, Caret doesn't like something when it goes too high.
and in 99 it came
@GoldeWC erm... dude... the greatest investors have had long careers and that is why so many seem to be so old, if they wanted to retire early with the first 100 million they have at least 20 or 25 years to enjoy their money
Loui ruki !
Investing is so simple at its core, people complicate things for themselves both by ignorance and also arrogance. Funny thing is the arrogance doesnt go away , you foster it into the champion you become. A point where you deserve to have an air of arrogance
nice
Hey, it's Dwight Shrewt
500 points in one day? a few weeks ago we saw 4 fold that amount in the red lmfao
Kevin Galloway not even close in percentage terms though
@@scottpepper1176 Exactly. A 500 point drop when the Dow was at 4,000 is a hell of a lot different than a 2,000 point drop when the Dow is at 27,000.
Too much froth on the bone?
Buy low can go lower 😢
Some say that Peter Lynch was born with white hair
PATIENCE
Wtf? Colonel Sanders?