yes, they want to go back to the peter lynch way. they observed the world around them, they do the homework, and then they buy. so far, so good. i find them inspiring. then something changed they discovered another way to make money, the gamestop interreg since thing, as i said last night, these crazy moves smack of frothiness, part of the market on the whighway to the danger zone. i want to get back to the research revolution. i'm going to show you how it can work because maybe we forgot let's start with an observation maybe you've seen on a saturday night live it is a hilarious exit there is a reason zillow is known as house porn, but now 15 years in its existence, he's gone to a whole new level. this skit was amazing, hilarious. if you use the peter lynch method, you could have bought zillow before the quarter that went up 17% today. you'll discover zillow is benefitting from reshuffling, people living cities because of covid. customers want simplicity in one click. had it is something they don't care a ton about, they just need t

. >> if i can channel my inner peter lynch, more than the corrections themselves it's a tough job to be a strategist mike wilson does good research but a tough job to try to call that when you go back and say, to quote peter lynch but to look back, corporate balance sheets are the best they've been in 50 years. household debt equities are the lowest in 40 years and i think this stimulus, when we talk about economics 101, the velocity of money is that the government sending direct checks for multiple times to a broad swath of americans is so stimulative. when you have these ingredients and earnings come in so strong, i think trying to call some type of correction is just a fool's errand i think settle in, buckle up and volatility is the price of admission but, you know, we have a good old fashioned bull market here and people just need to understand that. >> yeah, well, i think a lot of people do understand that. a bullish note, quote, we may see the equity rally continue without a pause. wow. next resistance seen at 4070/75. that is bullish. is it right? >> i think it is you know, yo

host: for those of us who read peter lynch's "beating the street" in the -- and decided the stock market is not for us, what exactly is shortselling? why is it effective? it seems like it would not make sense to bet for a company to fail, which means the stock would go down. what is the hedge fund part of this? explain how believing in a company, even though it's not a great company, would hurt the hedge fund. guest: suppose the hedge fund is skeptical. go back to enron in 2001. i hedge fund short-sellers was notoriously skeptical. financials don't seem to make sense. every time i asked more and more about the dynamics and particulars, they footnote the financials even more. they move stuff off the balance sheet. i have a thesis this is a scam, that something is decidedly un-kosher. someone looking at lehman brothers in 2007 saying their exposure to real estate and the bad debts is worse. there is a lot to this massive iceberg. i don't believe it should be a $100 stock. i believe it is worth less than that, maybe worthless. what you are able to do as a skeptic, and you have to be a hedge

there is no book from warren buffett or peter lynch or bert mikael that says, hey, the way to investhe long-term is to trade options. no one is saying that. they would all dispute that. so what robinhood is really doing, i think, is kind of glorifying speculation. they are not democratizing investment. paul: that is benchmark capital partner bill gurley speaking with our calling. coming up next, new coronavirus cases in the u.s. shows signs of slowing, and further surges. this is bloomberg. ♪ paul: time now for the morning call with sophie kamaruddin in hong kong. so, sophie, what is the read? sophie: paul, the drop in the china reserves is bigger than the broader market expectation. they are sticking to the view for significant pressures this year on rate differentials, but capital inflows from the program are continue with the pboc gradually exiting its easing. 6.3 by midyear and 6.0 by year end. shery: talking about china, course, is very important, and, of course, iron ore has been under significant pressure. we are talking about their worst in 10 months of weekly losses. what is

you know, if this is mostly options trading, that is --there is no book from warren buffett or peter lynchon mikael, who is famous that says the way to invest for the long term is to trade options. no one is saying that. they would all dispute that. so what robinhood is really doing, i think, is kind of glorifying speculation. they're not democratizing investing. emily: so, do you see a fundamental shift happening, in market power, from institutions, to individuals? and, if so, how should the strategy of professional investors be changing, now that there are new rules? you always say play the game on the field but it seems the rules have changed. >> some of it will depend. i think the new sec commissioner is paying attention, and congress is paying attention. so we will see whether things change that might eliminate some of the plumbing issues that might cause a future attempt like this to not work as well. they may also come up with regulation around not voicing that you like a stock or do not like a stock, but if you are intentionally giving instructions to people on how to manipulate li

most famous fund in the world many years ago when i startsed in 1990, led by ledge tear investor peter lynch from 1972071990 and at one point the largest fund notice world with $100 billion in assets and now the mutual fund is down to about 22 billion this is a large cap growth fund, still, it was then, and peter was famous for his stock-picking abilities, and david, and carl, i'm sure you both remember peter lynch and this is a real sign, again, about movement from mutual funds, to etfs, more tax efficient, easier, to trade it in the middle of the day, and that etf revolution, just keeps on keeping on. guy, back to you >> wow, that's amazing, bob. yeah, that's a bit of a history lesson, too, bob pisani, thanks. >>> as we move to break, jobless claims below 800 k best since november. productivity did slide more than expected in q4 europe, the ten-year getting the highest level since september. the italian yield pulling back a bit after the mandate to form a new government we will finish with a look at the dollar, and by the way, vix getting awfully close to 22. back in a moment hey, dad! hey

it is version of peter lynch, go with what you know.o talk with you particularly on these slow wall street days. these things platter to viewers. thank you very much. >> thank you, charles. charles: mark cuban you might have heard, he relents. the dallas mavericks would play the national anthem before the game, before the last night's game. the nba had to step in. many wonder if the damage is already done? how addicted to our country is rage? urging, using former president trump as a license to sort of express that, many think it has gone too far. i will ask fox news contributor deneen borelli to react. she is next. ♪ ♪♪ ♪♪ ♪♪ i'm a performer. always have been. and always will be. never letting anything get in my way. not the doubts, distractions, or voice in my head. and certainly not arthritis. voltaren provides powerful arthritis pain relief to help me keep moving. and it can help you too. feel the joy of movement with voltaren. want to save hundreds on your wireless bill? with xfinity mobile you can. how about saving hundreds on the

you have to go back to peter lynch or warren buffett in the '80s to find someone who affected wall streetging the rules of the game. the angry old men shaking their fist at her are not happy about it. she says look at some start up tech companies don't have profits being sources of opportunity like tesla or a zoom. you don't have to be boxed in by whatever is in the indexes. you have to start thinking outside of the box there is a big transformation coming. testament with cat think, she has won and won. no one seems to follow her. except they're being forced dragging and screaming to say that her approach is something we have to start looking at. i think she is on the right path. yes, her asset growth has been astounding. there will be probably a stiff correction but don't confuse that with the end of what she is talking about. what she is talking about is far greater than how fast she is growing. >> i know she has got fans all over the world including a huge fan base in south korea alone. jim, appreciate our conversations. thank you very much. >> thank you. charles: well, folks the left

. >> joe, it's the peter lynch school of investing, that's how you have to think about this. >> teller lynch was a fundamentals genius >> yes, but peter used to say that you have to actually -- you have to use the product. >> use your product. >> peter's whole thing was if you use the product. >> right >> all right pfizer. >> disney shares up 38% in the last three months, the company set to report after the closing bell we're going to talk to analyst rich greenfield nengs xt about all. as we head to break, look at yesterday's s&p 500 winners and losers ♪ reach that higher love we're just hanging on facing our feelings feelings ♪ executive edg i made a business out of obsessing over network security? at&t business, our people and network will help keep you connected. let's take care of business. i just don't have the bandwidth for more business. seriously, i don't have the bandwidth. glitchy video calls with regional offices? yeah, that's my thing. with at&t business, you do the things you love. our people and network will help do the things you don't. let's take care of business. at&

peter lynch did it you just close it you don't keep taking in money and see what stock is down a lot and i'm going to do a call, tesla, 620, i'm done tesla goes higher. that's kind of ubris dave, help me here. >> what do you want me to tell you? i don't know i mean listen, i think back to 25 years ago when we knew nothing about what any fund manager, forget 25 years ago, we knew nothing about anything back then and it was impossible to get a hold of information other than to pick up your actual phone, and i think we had push button, it wasn't rotary and you pick your phone up and try to find things up and now we get sent every single trade that she made in the morning. it is amazing. some of transparency is helpful. it's interesting and you know, this is, as you say, something we go through, remember it's not just one fund, it's arkk, and arkg and i keep saying, second morning in a row, discover ji is right at the top there, but she was selling square, david. >> it has been an incredible mo momentum stock the last eight years. >> and you want to look at the stocks when the ten year r