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people dont understand their natural advantages and they dont use it thats bad number one but worse number two if you dont think youre a good ice skater or if youre convinced youre not a good cellist youre not going to try it but people are buying stocks anyway theyre not discouraged they just think its a gamble yeah we begin with peter lynch time magazine has called him americas number one money manager during the 13 years he headed the fidelity magellan fund it was a top-ranked general equity mutual fund his new book beating the street offers advice on picking stocks and maximizing profits and hes here to talk to us about a lot of things welcome to the broadcast you wrote a book called one up on wall street and i think thats one of the best-selling books ever about wall street if im not correct you can correct me so why then did you write another okay okay i think the reason i wrote it is the first i try to explain to people their great advantages their edges they have