Berkshire Hathaway Inc. (B)

BRK.B-N

(A Top Pick May 24/19, Up 6%) A slow-moving stock. At $220 it will hit resistance, but it has momentum and will go higher.

Assets and liabilities don't add up? The company owns a lot of different businesses. They only report on things they own 100% of. Investors buy this to follow the success of Warren Buffet. The stock performance has lagged the market as it is harder to grow at the size the company has become. He would continue to hold it, if you own it.

Suffering along with retailers. A rare test of support, and it holds every time it does that. 10% upside. No dividend. (Analysts’ price target is $241.25)

Warren Buffett has been criticise in the last little while because his equity portfolio has underperformed the S&P500. Part of that reason is that Berkshire is such a large company now it's hard for them to make a difference. Berkshire is a lot more than Coke and JP Morgan. It's insurance business, utility business, other businesses they've bought such as Burlington Northern, those are things that create value within the company. Thinks people focus a lot on his investments stuff and that's a much more difficult thing. He likes it. Doesn't think they will pay a dividend but they might buyback more shares.

There are times when Warren got a little cold. He likes the way he pivots. It makes a lot of sense long-term. Generally speaking they know what they are doing.

He prefers Fairfax, run by the Canadian Warren Buffet. He really likes their India fund, FIH-T. Berkshire is not a bad choice and should do well if there's market stimulus, but look at Asia for market growth. Only 5% of Indian homes have home insurance, so there's massive room for growth here. If there's a currency shift, then the Asian exposure is a plus.

With this, you're taking the long view and a broad basket approach (a wide portfolio). Has a high-yield and high-cash tilt. Warren Buffet has the benefit of a massive balance sheet over time where they can buy and wait it out over time.

He thinks the issues are that Warren is getting older and there is concern about his replacement. He sees the large cash holding right now is signalling another acquisition soon. He thinks there are a lot of other companies that offer dividends. He would pass on this today.

There is lot of value hidden in this one. It is expensive but it is blue chip. It is like a mini-mutual fund.

Buffet won't live forever, but he's trained smart disciples and build a strong business, so it will be fine. This was oversold in December. He loves their underlying businesses. Efficient operators. Trades now at 1.3x book, and a bargain. (Analysts’ price target is $238.50)

Pullback here, valuation is very attractive. Ton of free cash flow. Terrific play on US growth. He thinks the US is going to be a great long-term performer, so this is the place to be. A must-purchase for all his clients.

It is on his watch list. It is a very good company. He sees it as an insurance company because of its history as to how it trades. There is a higher level of catastrophic losses recently. He prefers Progressive here. We are decelerating from 4 percent to 2 percent economic growth. It is just not a super timely pick.

You are buying a stock instead of a mutual fund. They are buying the companies. Mr. Buffet can move the market. He has had outperformance on the stock for 50 years. Very strong balance sheet. He thinks it is a great stock.