to save money so whatever i had automatically went to the mutual fund, run by peter lynch.e my dad, i was determined to try to augment that mutual fund and my paycheck by buying individual stocks for a personal account. i was going into the right way by researching stocks, getting an edge through the research, not through the broker, all that stuff. where was i going to get that edge why not read all the periodicals that covered the stocks. i was helping to start a magazine, a trade publication devoeded to the profession of law. and because of a kind cyster who let me crash in her suspect, i was able to save some money. in fact, i saved more than $200 beyond my contributions to my i.r.a. and decided to buy -- >> buy buy buy >> the stock of american agrinomics why? because i read an article that said this orange grower was doing incredibly well, and i would be on the ground floor if i bought it. so i picked up shares of this $9 stock. ten shares i was in on the ground floor all right. you know what ground floor i was in on? the cheap linoleum ground floor that i ended up sip

peter lynch, years ago, he said anticipate these but you can't write off the market when they happen.lways like to tell the stories, i put things in sports analogies. i tell the story of joe dimaggio his 56-game hitting streak when he failed to hit in games 57, should you have traded dimaggio, should you have cut him? was he finished? is that smart thinking same with the market corrections are to be expected and accepted as a matter of course, particularly after 56 days on the market, you're going get something like that. when they happen, they can be great opportunities. even as people insist that the market is done because the charts are bad, taking out the moving average, a death cross, a hindenberg cross, whatever the heck that is or the market is unpalatable some claptrap i hear that you head bears who come out of hibernation. they like to be right that day given that so many don't expect corrections, here's something that seems common sensical lots of people wrongly believe in being fully invested at all times. lots of managers think they are supposed to be fully invested every

most of the time peter lynch philosophy of those who go against the grain, zig while others zag.plies to politics, it applies to life. who knows that better than herman cain. who defied the notion you could work in fast-food business for half your life and stay thin. herman, good to have you. >> thanks, neil. neil: how many times have you reminded me don't assume headlines and don't assume consensus and latest example out of britain what do you make of it? >> yes, well it gets back to something i said to you many times on your shows, if you don't talk to everyday people, you're not going to get the right answer. that is the bottom line. since we don't have the benefit of the methodology that they used, we can't say whether it was the sample size, or whether they didn't get enough to young pe who don have landlines we don't know. here is what we do know, prime minister may now has a tiger by the tail. she didn't get the consensus that she thought, didn't get the majority that she thought. so now in addition to tough negotiations she will be faced with on "brexit," she will have to

>> man, there's a lot of people from the bay tonight that came through, marcus peters, marshawn lynch, mr. fab, just people i'm close to that i know. coming through at the weigh-in yesterday, the warriors, like, greene, just, man, so many people here, just to see their face, than, meant the world to me. >> well, as andre referenced, the bay was well-represented in vegas. in the house, mr. fab and marshawn lynch, and in attendance, sacramento kings big man, and nba finals mvp, kevin durant, a special moment after the fight as well. he got to go ringside and congratulate the undisputed champs. cool moment there. to baseball. giants, rockies, giants gain a win on father's day. 3-2 rockies. first career home run. giants score one more before the inning was over to make it 5-3. uh-oh. here comes colorado. bottom of the 9th, who's your daddy? walk-off three-run homer. hitting the cycle with the bomb, sweeping the series, 7-5 the fin final, and losing five straight. happy father's day, and, yes, yao on tv. 2-0 until this. right center field. two runs would score just like that. tieing the ga

if comey testified that it gave him a queasy feeling and did not always follow lynch's guidance, republican peterg also wants to see if comey wrote memos on his talks with lynch like he did with his talk with president trump. hard to see if this had anything to do with that highly unusual arizona tarmac meeting that lynch had with former president bill clinton last june, something that kellyanne conway today teed off on. >> it goes back to the tarmac meeting between lynch and president bill clinton. it takes about 4.5 minutes, not 45 minutes to talk about golf and the grandkids, a couple of selfies included. if i think those questions will be swirled around and i think what senator feinstein did is refreshing, the democrats say they say russian more than they say america. they are obsessive about this, obstructionist. >> senate democratic leader chuck schumer says he has not heard lynch's side of the story so he's not sure if it rises to the level of dragger up to the hill to testify. he doesn't want anyone to "jump to any conclusions," something they have not gotten from schumer so far. >> marth

lindsey graham and peter king stated that as many republicans are calling for the former attorney general, loretta lynchstify as a related to the tarmac meeting she had with bill clinton about hillary clinton, and then telling, according to james comey's testimony, going on to tell him don't call it in an investigation, call it a matter. >> should loretta lynch come forward as well? >> i think so. everyone who needs an investigation should get an investigation. that was certainly a big surprise that that happened. i just take issue with republicans running with that as the main message of the day when james comey sat up there and called president trump a liar several times. >> that was the only new revelation to come out. we already knew what he was saying. >> he was not personally under investigation. >> the reason i say hold that thought, that james comey called the president a liar, he responded to that by saying i am vindicated and he basically called james comey a cowardly person and he went on to say he's vindicated, but let's get to another point. president trump wants to move forward with a very

. >> peter baker has broken stories that hurt donald trump badly and hillary clinton badly. kennedy: some of the coverage of loretta lynchministration right now, people are kinds of getting bored with the trump pile-on. >> it's such a larger story about what has been going on in washington for decades. kennedy: maybe it's a made-up story because it's fake news. a lovely night. california is claiming one of the world's most popular weed killers is going to kill you. is this cause for alarm or more left-wing nanny statism telling ♪ art. it can be sculpted, bringing to life beautiful detail. or painted in luxurious strokes. and in rare cases... both. ♪ eyet some cards limit where yout earn bonus cash back to a few places. and then, change those places every few months. enough with that! with quicksilver from capital one you've always earned unlimited 1.5% cash back on every purchase, everywhere. welcome to unlimited what's in your wallet? take 5, guys. tired of your bladder always cutting into your day? you may have overactive bladder, or oab. that's it! we really need to get with the program and see the doctor. take charge

. >> peter baker has broken stories that hurt donald trump badly and hillary clinton badly. kennedy: some of the coverage of loretta lynchlook back on the obama administration right now, people are kinds of getting bored with the trump pile-on. >> it's such a larger story about what has been going on in washington for decades. kennedy: maybe it's a made-up story because it's fake news. a lovely night. california is claiming one of the world's most popular weed killers is going to kill you. is this cause for alarm or more left-wing nanny statism telling you what to do with your own darn life. at&t is working with farmers to improve irrigation techniques. remote moisture sensors use a reliable network to tell them when and where to water. so that farmers like ray can compete in big ways. china. oh ... he got there. that's the power of and. when this guy got a flat tire in the middle of the night, so he got home safe. yeah, my dad says our insurance doesn't have that. what?! you can leave worry behind when liberty stands with you™. liberty mutual insurance. kennedy: california is the first state to slap a warning label on r

. >> joining us is peter boockvar from the lindsay group and a cnbc crontributor michelle meyer, head of u.s. economics at bank of america merrill lynchit's a two-day meeting, boockvar, i have to ask you about it they'll probably hike at this point. finally they're doing what you want them to do, right >> yeah. normalizing interest rates unfortunately -- >> are they behind the curve doesn't seem like it 2.20 on the ten-year >> the fed wants to get to a 3% fed funds rate they're only a third of the way there. we'll have a recession and an accident well before they get to 3% waiting for the ninth year of an expansion to ramp up rate hikes while i do think interest rates should normalize, they have waited way too long to be doing this >> where do you see signs of that >> the auto sector is now entering a recession timing on that is not too good >> i know. but if they're behind the curve, you would think oil would be at $100, 150 -- that makes no sense. >> it's tough to define behind the curve. i don't like interest rates on a real basis that are negative we had this alan greenspan, bernanke, yellen era of negative interest rates i would