Peter Lynch, 55
Legendary portfolio manager, Fidelity's Magellan Fund
"People have decided that stocks are the best place to be this century. At some point the market will go down and people will say 'Oh my God, why do I own all mutual funds?' And some people will leave. But the average person is very sane. They have much more brain power than the average fund manager. They don't shake up that much because they aren't that worried about it. Main Street is a lot more consistent than Wall Street.
"I think people have decided they'd like to have their money managed for them. It used to be that they never had to worry about it. They used to retire and get a certain percentage of their salary forever. It was called a pension. Now, a lot of people don't have pensions."