This transcript is automatically generated
Joining me he is gonna be here talking about a couple of things a particular Mike.
You -- director at the China another China Fund trades here in the New York Stock Exchange you're bullish.
On China at that particular fund has been under pressure over -- over the last 52 weeks how do you respond about.
The whole market in China show has been under pressure if you look at the year over year.
The the interesting thing about Chinese it has not fulfilled the pessimists -- the worst fears which is it's hard landing.
We've never happen -- -- 8% growth at the soft landing point right now so the companies we invested in the fund.
Are actually doing very well they're they're they're growing they noticed that there there's a slowdown is no question about that but the slowdown is from very high levels to really high levels.
So we've -- wonderful situation where the valuations are as attractive as in the US at 1112 times earnings.
He's got the great growth story.
Alright Michael wanted to get the -- question double us about the Holland balance it's problems -- the Holland balanced fund is actually done pretty well as give our viewers kind of a shot at -- your fund has been giving up again and has been doing very well.
-- return twelve point 4% -- -- C obviously and then here today that six point 8% almost 7% there.
What do you think is really powering up the fund right now and they've got a lot of financial hole in biotechnology holdings do you think that that's really the driver right now -- -- behind.
The fund is is that invested in.
Typical blue chip.
Undervalued companies that the once you've seen reporting all day and in yesterday all week long Sheryl where.
They're doing very well despite -- in the difficult headwinds that politicians are throwing at them around the world.
-- -- and the fact is just like China the stocks have not been overvalued and anyway if anything there's still undervalued they've done Wilson.
What are your top holdings as Berkshire Hathaway got to talk about that you do have BA's shares Warren Buffett coming up to we're just a couple of weeks out now.
From the big shareholder meeting comes -- -- look at got prostate cancer I'm treating and I'm curious what -- -- what we've heard the news on one box and.
Enforcing no surprise in the end and I would take every that is surprising well because the numbers are what they are you -- read over the past week.
And he -- eighty years old and older than the man has.
It had an 80% probability of having some of those cells and so I would those are those that's the that more important we all know people who had this and they get get through it.
He's said he's gonna get through what he expects to be very healthy especially around -- look -- he's actually a really good person in terms of telling the truth.
-- that's a very helpful thing its history is telling the truth I think it he says he's in good shape.
OK let's go to JPMorgan another when your top holdings imagining that a lot of financials -- technology names and in particular with JPMorgan.
That is the company that we -- her from a as far as that the numbers go and everything the financial sector has been strong for the first quarter -- and they're gonna pull back a little bit.
On that position as we go to the second quarter the third quarter when there are some concerns frankly about valuations.
We topped out with the bank.
I hear the same thing you do it its right.
-- talk about China which are about Berkshire Hathaway -- at one point 16 times book value.
These are silly low valuations and I can't get.
I've I've seen these stocks traded multiples of these multiple solid capital yet it has had a run I would apple to -- had a run but it also was ahead of the modest valuation.
Real quick property casualty company job that is another company that you've been following and that -- -- company accident -- if its two week highs.
And year to date the stock is up double digits the second what that.
Yeah they just reported it once again -- surprise to the upside as all of these -- which are everywhere these -- what has surprised to the upside.
So we end up with a situation where.
Yes the stocks are up but the earnings are up.
More because people they're very few people watching us right now -- actually believe stocks are attracting are really interest and that's whether value where they -- My -- we're gonna have more regulator run of the show Mike colonize -- to join me here on --