Good day, fellow investors. I have found an amazing video by Peter Lynch that explains everything you need to know about investing. So, enjoy it. Are you concerned about the volatility in the financial markets today? Do you think something needs to be done to reduce it? I love volatility. I think I remember when in 1972 the market went from down dramatically in Taco Bell, one from 14 to one. They had no debt. They never had a restaurant close. And I started buying it seven, but I kept onto it and it went to one. And it was the largest position in Magellan in 1978 when it was bought out by $42 by PepsiCoLa. And I think it would have gone to $400 if they'd buy it out. I think volatility is terrific. I think these call is very important. I don't think the market going up 80 points one day and down 80 the next is a good thing for the public. I think that's not a very good thing. But I think all these callers and all these other things to keep the volatility down each day is important. But the market is going to go up and down. Human nature hasn't changed a lot in 25,000 years. And some of them will come out of left field and the market will go down and the market will go up. So, volatility will occur. The markets will continue to have these ups and downs. I think that's a great opportunity. If people can understand what they own. They don't understand what they own. They can own mutual funds. Try to fair how mutual funds they own and keep adding to it. Over basic corporate profits have grown about 8% a year historically. So, corporate profits double about every nine years. The stock market ought to double about every nine years. So, I think the next market is about $3,800 today, $3,700. I'm pretty convinced the next $3,800 points will be up. It won't be down. The next 500 points and next 600 points I know which way they go. So, the market ought to double in the next eight or nine years. It ought to double again in the eight or nine years after that. Because profits will go up 8% a year and stocks will fall. That's all there is to it. But you should study history. And history is the important thing you learn from. What you learn from history is the market goes down. It goes down a lot. The math is simple. There's been 93 years of century. This is easy to do. The market said 50 declines of 10% a more. So, 50 declines in 93 years. But once every two years the market falls 10%. We call that a correction. That means that's a euphemism for losing a lot of money rapidly. But we call it a correction. So, 50 declines in 93 years, about once every two years the market falls 10%. All those 50 declines 15 have been 25% a more. That's known as a bear market. We've had 15 declines in 93 years. So, every six years the market's going to have a 25% decline. That's all you need to know. You need to know the market's going to go down sometime. If you're not ready for that, you should know stocks. And it's good when it happens. If you like a stock at 14 and it goes to six, that's great. You understand the company you look at the balance sheet and they're doing fine. And you're hoping to get to 22 with it. 14 to 22 is terrific. Six to 22 is exceptional. So, you take advantage of these declines. They're going to happen. No one knows when they're going to happen. People tell you about it after fact that they predicted it. But they predicted it 53 times. So, you can take advantage of the volatility market if you understand what you're own. A lot of times people buy on the basis. The stock has gone down this much. How much further can you go down? I remember when Paul Rheuid went from 130 to 100. People said, here's this great company, great record. But every gets below 100. Just buy every share. And it did get below 100. A lot of people bought on that basis saying, look it's got 135 to 100. It's not 95. What a buy. Within a year was 18. And this is kind of a no debt. It was just so overpriced. It went down. I did the same thing in my first or second year of fidelity. Kaiser Industries had gone from 26 dollars a year to 16. I said, how much lower can it go? It's 16. So, I think we bought one of the biggest locks ever on the American Saga change of Kaiser Industries at 14. I said, you know, it's gone from 26 to 16. How much lower can it go? Well, at 10, I call my mother and said, mom, you're going to look at this Kaiser Industries. I mean, how much lower can it go? It's gone from 26 to 10. Well, I went to 6. It went to 5. It went to 4. It went to 3. And I, unfortunately, have rapidly, I would probably be still cating or being working at the stop and shop. But it happened fast. It was able to, it was compressed. And at 3, I figured out, you know, there's something very wrong here because Kaiser Industries owns 40% of Kaiser Steel. They own 40% of Kaiser aluminum. They own 32% of Kaiser cement. They own Kaiser broadcast. They own Kaiser St. and Grabble. Kaiser engineers. They own Jeep. They own business after business. And they had no debt. Now, I learned this very early. This might be a breakthrough for some people. It's very hard to go bankrupt if you don't have any debt. It's tricky. Some people can approach that. It's a real achievement. But they had no debt. And the whole company at 3, who was selling it about 75 million, and that point was equal to buying one Boeing 747. And I said, there's something wrong with this company selling for 75 million. I was a little premature at 16. But I said, everything's fine. And eventually this will work out. And what they do is they gave away all their shares to their share. It passed out shares and Kaiser cement. The past out shares and Kaiser aluminum. They passed out the public shares and Kaiser Steel. They sold all the other businesses. And you get about $50 a share. But if you didn't understand the company, if you were just buying on the fact that stock had gotten from 26 to 16. And then again to 10, what would you do when it went to 9? What would you do when it went to 8? What would you do when it went to 7? This is the problem that people have. Is a cell stocks because they didn't know why they bought it. Then it went down and they don't know what to do now. Do you flip a coin? Do you walk around the block? What do you do? It's psychiatry so that it works so far. I've never seen them running in the psychological psychiatry fund. I've never seen a list for the SEC to make it through as a mutual fund. So they haven't seen the help. I've tried prayer. That hasn't worked. So if you don't understand the company of this problem when they go down, eventually they always come back. This one doesn't work either. People think RCA just about get back to it's 1929 high. When General Electric took it over. A lot of double nits never came back. Merlose beauties. Floppy disc, Western Union. The list goes on and on. People saying it'll come back. Well, it doesn't have to come back. Here's another one you hear all the time. It's $3. How much can I lose? I've had people call me up saying, I'm thinking about this stock at $3. How much can I lose? Well, again, you may need a piece of paper for this. If you put $20,000 in a stock at 50 or your neighbor put $20,000 at 50 into the stock. And you put $20,000 in a three and it goes to zero. You lose exactly the same amount of money. Everything. If people say it's three, how much can I lose? Well, if you put a million dollars on it, you can lose a million dollars. Just the fact of stock. This is the only this may be a reason to research a stock. The fact of stock is three down from 100 doesn't mean you should buy it. And in fact, short sellers, people that really make money in stocks, they don't show it Walmart. They don't show it Home Depot. They don't show it the great company in Johnson Johnson. They short stocks down from 80 to 70. They'd like to short it at 16 or 22, but they figured out at seven that this company is going to go to zero. They just haven't blown taps on this thing yet. It's going to zero. And they're selling short seven. They're selling short at six. It's five, it's four, it's three, it's two, it's one and a quarter. And you notice, sell something short, you need a buyer. So I mean, it's the buyer that they have thing. And you want to who's buying this thing? It's these people saying it's three. How much lower can it go? Thank you, Peter. If you enjoyed his mindset and how we structured it, when it comes to investing, please check my free stock market course, investing course, where we are summarizing Peter Lynch's book. Also subscribe to this channel. And that's it. Click like if you enjoyed this. Thank you. And I'll see you in the next video. You