Berkshire Hathaway Inc. (B) (BRK.B)

Exceptionally well diversified. He likes management teams who have a history of allocating capital well, good returns on invested capital and a good track record. This company is really the personification of all of that.

Looking at the components, it has underperformed a little, but the chart shows a nice little trend from 2016. This would be a good risk/reward entry point.

In an interesting spot. Has a multitude of assets and they are great allocators. They have the ability to take a longer-term view on investments. He is more tactical. Prefers to pick and choose assets that go into a portfolio in order to figure out the timing more precisely. Not a bad holding, but not for him.

There hasn’t been any meaningful pullbacks on the chart, so not many buying opportunities on many of the US stocks. This stock has been unstoppable. It has one of the greatest collection of assets in the US. If you believe the US is going to continue to be a powerhouse and a grower in their economy, this is one of the best ways to play it. On any pullback, he would be in there.

Not cheap, but when looking at the chart there is a pretty nice trend line. There was a little volatility earlier this year when at $180, and then it dropped to about $158. However, the chart shows a nice upward trend line after forming a cup and handle in mid-2016. Thinks there is going to be somewhat of a bias to value stocks, although they might be acting like growth stocks. Look over the next 10-15 days and pick your spot. Anywhere between $185 and $179 is probably safe if you are a long-term investor, and will do quite well over the next 6-8 months.

It is a proxy for the US stock market. He has no problem owning it. He is concerned about succession planning amongst the management. Also, it is so large that there is so many billion in cash that he can’t put to work. Each acquisition has to be large enough to get the earnings growing over time.

It has been a phoenix-like rise for the Canadian dollar recently. Given the strength of the stock portfolio it is a pretty good purchase.

(A Top Pick March 2/16. Up 9.70%.) When he bought this, he felt it was undervalued on a Price to Book Value basis. This is still a buy.

It does not pay a dividend because he believes he can better reinvest it in the company (buying more companies). You cannot disagree with his track record. It may be a stable position for you. There are other areas in the financial industry that look more attractive at this time, however.

They are two of the best investors in the world. They made a huge bet on AAPL-Q and on the airline industry. You don’t get rich betting against these two guys. It has not gone up as much as other financials. It is still good value at this price.

His model price is $158.71, a 3% downside. He would wait for a pullback to buy it.

Buy, Sell or Hold? There is nothing wrong with making money, and taking some money off the table is never a horrible idea. In the case of this company however, it is probably premature. What is going on with interest rates is very positive for the insurance business, which is their core business. Also, this has been benefiting from a big run up in equities. He is positive on the company.

(Market Call Minute.) You can’t go wrong investing with Warren Buffett.

He is trying to look for a bit of value in the market. There is no doubt that an IBM, Wells Fargo, American Express are value names, and who owns about 70% of the portfolios, Kraft-Heinz, Wells Fargo, IDM, Coca-Cola and American Express. Given its strong balance sheet, it is massive cash flow positive on a regular basis, trading at 1.3 to 5X Book. A great valuation play in a pretty frumpy market.

(A Top Pick Sept 3/15. Up 13.77%.) Had a chance to buy this at a very low price to BV, and thought it was a great opportunity. Earnings are kind of under pressure this year because of its railway division, but that is cyclical and it is still generating gobs of cash.