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-- what we start tonight with the man himself Warren Buffett now he's making some new companies.
Could his bets -- make you money Berkshire Hathaway unveiled its latest holdings but as the oracle of Omaha -- for your -- -- here to tell.
And ends -- you think more about the man how about diamond -- he is the capitalist pig dot com.
Also Fox News conservative does this a lot agendas than -- other -- to -- Buffett portfolio.
So many people out -- follow war but they try to trail like Warren Buffett.
First of all is that a wise thing for the average -- -- I don't think it is Charles of someone is so enamored with Warren Buffett -- they should just buy Berkshire Hathaway literally let him make good investment decisions.
I think investing is really about independent thinking and the blindly follow.
Any guru from -- Warren Buffett to George Soros to Carl Icahn.
I think is the epitome of second -- in this when it comes to the stock market you have to take responsibility for your own money and that means making your own decision.
Illustrated to either Warren Buffett he's in a position now -- but listen he's always been a long long long term but.
He's in a position now he can be wrong for a long period to time.
The average person may not be OK to be wrong -- an idea for two or three years.
Wrong all the time Charles and and as most investors are you know were -- -- a wonderful investor I can remember very acutely back in the late 1990s and out -- asked what's what was wrong war and many basically missed the entire Internet run up and it -- background -- -- -- he's one guy with one opinion and you know.
-- -- Warren -- is what eighty years old it's like my grandfather is eighty and even Letterman to pick you don't use the remote control let alone -- -- for -- portfolio -- Of all due respect that there Warren Buffett people need to make their own decision.
We have to them on your cold -- there's a lot of eighty years old right now don't have vegetables that the TV -- let me tell you go over some of these ideas up.
Let's talk about some things that that are new or that he's attitude his portfolio one of suncor and I got to tell you have.
A lot of people are saying this is sort of a hypocritical plan is part energy play I think part of -- Devin the visit heavy and tar sands and things like that but.
Is it a Smart play.
I think it is a Smart play in Charleston.
And -- -- -- -- either the environmental regulatory concerns continue to grow or the economy really falls off the cliff.
Energy is what drives the economy and companies like -- corps which are exploiting these Canadian.
Oil sands are really at the cutting edge of not pie in the sky green energy but actual fossil fuels.
That we can exploit in used to power the world today so suncor is a big company I think it's a strong holding.
But keep in mind warm -- can't go find these small little -- he's a huge investor so we have stood by shares of companies like -- Huge companies or he can take even -- tiny small position.
About this networks this is a company like because I love the -- story but -- out.
This is such a competitive world these days I don't know who the pick anymore and it's entertainment industry.
Yeah I mean if it's incredibly competitive Charles but as you know it's been strong especially in the last couple of months a lot of the advertising.
And media related stocks are have been exceptionally strong you know Warren Buffett loves the town newspaper he loves that town.
You don't in media delivery devices always -- newspapers and if -- -- Beige Book basically an extension of that might reoccur in the predictable revenue and a competitive a consolidating space so.
I wouldn't -- -- either but again both of these are essentially.
Large cap blue chip plays they're gonna follow the broad.
Spectrum of of the S&P and a and the market alarm -- right he would love that she loves cash flow consistent steady predictable cash flow.
All right General Motors to me seems that like a tough one.
Too much of a fan of the company.
Yeah I mean you know -- -- got a pop interestingly enough when police announced that -- -- is actually gonna sell the majority of its stakes out.
It you have to take that with a group big grain of salt what worries me is that's -- -- GM the company the GM stock.
Even as the S&P 500 and Dow have been at multiyear an all time highs.
GM and Ford really glad they haven't made this new yearly highs so you know we look for this who outperforming who's under before the market.
The bracket the auto makers are underperforming -- says stay away.
You know and also just all of the audience though you mentioned that he's a newspaper guy he did -- holdings and in -- and I think the moral of that particular stories if you.
Your billionaire you can only is on your own but -- in the -- -- other people piggybacking.
Maybe this is not the place wanna be right now it's -- at them.
I tell you what I.
Investors may do wrong to follow all these big time icons you talked about they really do wrong to follow you have a great -- -- -- -- Thank you -- -- right now.
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