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

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