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Peter Lynch, known as America's number one money manager, offers advice on picking stocks and maximizing profits in his book "Beating the Street." He believes that people often underestimate their natural advantages in investing and should not be discouraged by perceived limitations. Despite the risks, people continue to buy stocks, viewing it as a gamble. Lynch wrote "One Up on Wall Street" to educate investors on the benefits of their unique perspectives and experiences, inspiring confidence and success in the market.