i come from the peter lynch school of know the market that your investing in. i really don't know. my play is there's a hedge fund that's looking to develop here for the high times a fund that's going to help out these guys because they can use the bank's, so i would be looking at an equity firm that might be behind some of these funds. goldman sachs the type of people that would help these folks out. goldman sachs could easily get to $200. a lot of upside in goldman sachs. james: right, so i looked at some surveys here that shows that 55 percent of americans support the legalization of marijuana and actually have a very good stock here. njna and medical marijuana inc. they're very much involved in the business of providing the products to the dispensaries in colorado and providing a lot of support services to businesses that are offering both medical and recreational marijuana in the states. i think there's a huge opportunity here if other states go the route of legalization. alan: wine, cigarettes, coffee who cares. angie: and your bonus round question this morning: we are high o

this kampung reports peter lynch and john but i'm hoping for a peaceful twenty fourteen the yes. you don't want this new year twenty fourteen . with the media you are with her eyes got huge. we had people perform together on the same stage low. last word on london the more westernized. many outsiders. out of state the city. also you can mingle with the rest of the world. and today it's time to sell it or not the missing it. you see. all this. now on. we had desert young people all the kooks brigadier weaker can read any other ethnicity. we did find a brioche and jump i love and tolerance and are wishing for an even better two thousand fourteen thirty embodiment of traffic unit. i know. if you live the day. it sits. it should the bus that being a senior pennant the day at the woohoo happy new year and local languages and that with a brand new year beginning the first rays of sunshine eliminate the beautiful scenes across china so will go up. with a look at some of them right now. wishing you a happy twenty fourteen. i wound moon moon man. i live. aluminum what rule. ch . he's at s

. >> when i look at google, i think of peter lynch.is a great money manager from back in the day. he said we are talking about companies that lose their way by going in every direction instead of the one direction they initially went in so well. do you see that here? or are they building google glass as an advertising medium? do biomarkers indicate a future advertising medium? >> no, i would be more nervous about it if it were happening inside of google proper. this is happening inside of google x where they do to arrange stop. -- deranged stuff. if this showed up in an analysts' quarterly meeting, and this is what we are doing the biomarkers, i would say it was an issue. these kinds of connections are so nonsensical and tenuous. this is just an experiment. they have the cash so they are doing it. it is representing what they are doing. >> do you think android is the model for us to think -- they are looking very far ahead? >> i think so. whenever this stuff crosses over into google itself you have to hold it up to a pretty bright ligh

peter lynch wrote two investment books, one on wall street and "beating the street." i didn't save enough when i got to college. the money paid was work study and went toward my tuition and room and board. when i got out of college and after a lot of attempts to get a job in the newspaper business, rejected by more than 50 papers, i have every single rejection letter in the trunk. i ran a position as a general assignment reporter. it was hard when i got started. how poor i was. nevertheless, poor, $156. i contributed even then. i put a few dollars away when i could. not long after i applied to and got a job at the now-defunct los angeles herald examiner. making $179 a week. it was in a town about four times as expensive as living in tallahassee. i found a bungalow apartment in the fairfax district. pretty sketchy. nicer now. around the corner from pioneer chicken, which was way too expensive for me to go to. a few weeks later i was stalked and broken into repeatedly, something the cops were helpless to stop. at the time i was assigned a story at san diego, a horrible

and peter lynch. and bob schiller has been hugely influential to everyone on wall street.nobel prize for economics. i don't see how he doesn't fit on this list even though he's from academia and not a business leader, per se. >> you don't think rock stars have any business on this list. >> rock stars, ail guards and shakes. as far as the leaders and rebels like that. i think jobs and bezos. they're not two men that define business as we know it in the last 20 years, like those guys. >> i thought robert evans. youngest studio head of any studio, paramount pictures, of course, brought out "godfather," "china town," "love story." that guy defines rebels and icons. by the way, fabulous book, "the kid stays in the picture." if you want to read something fabulous about hollywood, that's it. >> 1987, aig created financial products. and they printed money for a long time. the group collectively, joe cassano, should be on this list. say what you want. they changed the way finance was done, for better for a while. and obviously, for a lot worse. >> we should know -- first, check out

peter lynch, legendary invester from fidelity investments. remember that?the board go, hmm, maybe so. >> think about how many people read those books even. it's kind of like the wisdom that gets passed on to the next generation. >> he's the one who coined invest in what you know, something that's kind of hard to argue against. we also got flip side arguments. some people are really upset that we included some people on the list that they feel should be left off all the time. that's our villain type of thing. we've got dennis koslowski, ken lay, kind of remembered more for what got them in trouble than for the kind of things they did in their industries that actually affected the sectors they were in. >> well, as you know, this goes back to the debate over bernie madoff. wasn't that there was anything necessarily tra necessari necessarily transformational about a ponzi scheme. >> one comment said we should leave all the crooks off, keep it clean. anyway, go into the comments and cast your votes. it's really interesting. get involved in the debate. >> yeah, g

i said, i would say follow the old peter lynch thought. if there's a good product that you patronize, that you like, start there. i said, so, you watch netflix. you eat chipotle. those are two stocks that have run a lot. he said, i feel like i probably missed it. has he? >> i think in the case of netflix, you do get these periodic, hideous declines. there you've got to be ready. chipotle, too. chipotle was down 100 points in one day, peak to drop. that one day, and it turned out to be it wasn't even a buying opportunity. it had another leg down. but if you bought a little the first one and then you sunk your teeth into chipotle, you really had something. so i think your son is right. now, one of the things i do in this book -- and you're not supposed to say in this book -- i go into goldman sachs the first day and i say, guys, how does a stock go from 9 to 10? the guy says, you want me to move it? i'll watch as he buys. i talk about supply and demand. i think we both understand it's supply and demand. and we have had a giant amount of supp

. >> peter lynch became famous saying buy what you know, only problem if you wait too long. three years straight, i asked everyone wearing michael kors watch, none of them owned the stock. none of them thought about owning the stock. it does apply and does work. facebook will probably figure it out, how to monetize and get it going. ashley: to sandra's point you have a aging user. you do have aging user. one of these things where it is very fickle place, not unlike teen retailing almost. one year american eagle's hot then it's not. one year abercrombie & fitch is hot and then it's not. unfortunately we hope retailers, these big tech names, i don't think they will fall apart sort of like the uncool retailer today, but, it is a competitive, competition, that's what we love. tracy: also the wave of the future, right, nicole? the phone is not going anywhere. i can take or leave american eagle and abercrombie and most teens. you will still need the phone. still need the ipad. will need something really cool in this stingray, that adam shapiro was talking about earlier in the last

everybody remembers peter lynch, trying to replace him, vinick, who was the next guy. >> stanski.ce stock have taken over as the flagship funds as well as blue chip growth, other funds as well. >> the founder is still alive. >> yes, still there. >> a great american success story, based out of boston obviously. what do you do, breathe sort of wisdom into the guys that run the funds? what's your role. >> i'm a resource. i'm considered what's called a thought leader. i will give macro perspectives on the markets. they can take it or leave it. >> that's a mackenzie term. >> are we thought leaders. >> yes. >> did you see the david brooks piece? >> did i not. >> you don't want to see that. >> in our own minds we think that. >> what we've seen in emerging markets, mark mobius was on last week. he said nothing comes close to the growth potential still ahead of these areas of the world. so you'll have these periods but you've got to be there. is that, in your view, the same? >> i think the long-term bull case that you hear from consultants and other experts is that they beat us on demograp

2014 could be a better use of the economy but the recovery remains incomplete we have peter recede from merrill lynch. good to have here. i thought it was as much as what he did say but he is concerned about his legacy to fashion the last few months to look like someone who ended the horrible mortgage meltdown how well did he do? >> reasonably well to get us through the crisis but lacking the reforms that we needed some of it was his fault. he did not extract enough from the bankers when they needed the cash but some of it is at the feet of congress. that quantitative easing has made it possible for congress and the president to dodge the real chang that need to be made so we don't have rock-bottom interest rates to keep the economy growing at 2.5 percent. gerri: the latest number was 4.one for cent. well that stick or a revised down? >> quarter to quarter it generates but underline to read it is only 2.5% unless that changes we could average over the last five years average growth through the recovery about 2.3%. that will get a little better next year but we should be closer with 5%. gerri: growth