Investing Legend Peter Lynch & Media’s Talent Shakeup 04/25/23

Squawk Pod

CNBC

News, Business News, Business, Investing

4.2 • 543 Ratings

🗓️ 25 April 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Famed investor Peter Lynch shares his tips for a successful portfolio. After turning Fidelity’s Magellan Fund into one of the most successful mutual funds of all time, Lynch retired in his 40s, but still invests personally, decades later. He shares his “buy what you know” philosophy, and urges investors to do their homework on the companies they’re betting on. In a whirlwind of news announcements, CNN’s Don Lemon and Fox’s Tucker Carlson are out of their respective networks. Semafor co-founder and editor in chief Ben Smith discusses what’s next for all parties, and the impact both departures might have on ratings. Troubled regional bank First Republic has reported much larger deposit outflows than Wall Street expected; Piper Sandler analyst Andrew Liesch discusses the report and the financial drama still to come. Plus, President Biden is running for another term. In this episode: Ben Smith, @semaforben Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod and I'm C and D.C. producer Cameron Costa.
0:08.0	On today's episode, Peter Lynch, the legendary investor offers some seasoned perspective on the economy.
0:17.0	Well, we've had 13 recessions since World War II and we've had 13 recoveries.
0:20.8	Maybe we're going to have one.
0:21.8	If this is a recession, it's probably the most
0:23.5	predicted one ever. Over 50 years of investing under his belt and still more to come.
0:29.7	Portfolio advice from one of the greatest mutual fund managers of all time.
0:35.2	You're really going to be careful.
0:36.5	Look at the company, look at the balance sheet.
0:38.4	What is the reason this stock should be higher?
0:41.0	The suckers going up is not a good reason. A massive media
0:45.2	shake-up. CNN's Don Lemon and Fox's Tucker Carlson both out. Journalist
0:51.3	Ben Smith on the importance of talent on the news desk.
0:55.0	You know, I think the power of Fox 2 degree more than the other networks, really because its audience
0:58.8	is older, is, you know, is in that seat and whoever is sitting at it.
1:03.0	Those conversations plus troubled Regional Bank First Republic
1:07.0	reporting an outflow of deposits much worse
1:11.0	than Wall Street was expecting.
1:12.0	When is this over? When's the movie end? much worse than Wall Street was expecting.
1:12.5	When is this over?
1:13.5	When's the movie end?
	...

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