We came across this short video clip from Wall Street Week with the late Louis Rukeyser, which includes Peter Lynch at age 38 as well as a brief conversation with another investment legend, the late Philip Carret at age 98 (who started the Pioneer Fund in 1928 - more information here).
In the video, both investors share their long-held, strikingly simple pieces of wisdom:
- Peter Lynch: buy what you know and avoid trying to catch the bottom in a falling stock.
- Philip Carret: be patient and buy businesses with a five- to ten-year view.
© 2010 Jeffrey Walkenhorst
Please see important Risk Factors & Disclaimer