Berkshire Hathaway Inc. (B)

BRK.B-N

A lot of cash on the balance sheet, so by default you're going to underperform. To bet against Warren Buffet is a bad bet. There's a lot worse to own than this. Positive view. Good value in the long run. He prefers to own the individual parts.

Undervalued or properly valued? The problem is that investors focus on Buffet's stock investments, but they make up only a small part of the overall company. Buffet realized that he must look outside equities and buy companies, which he did and did it well. The stock is fairly valued. People focus too much that his stocks have undervalued in recent years. It's more important how Buffet runs his core businesses--that's the value of the company. In terms of sucession planning, no one is more brilliant than Buffet in running Berkshire. After he passes away, there may be fewer acquisitions.

Warren and Charlie are both long in the tooth. When one of them passes, he expects the stock could take a big hit. With a recession in the wind, this will get hit. He would be wary.

What if one of the principles doesn't wake up in the morning. What happens to the company. It is such a tough call so he is not in the stock.

It's a trade. It's market-sensitive and rangebound. He's buying around $195 and targets $220. Buy it around $200. It may or may not break-out. (Analysts’ price target is $241.25)

Warren Buffet is still the best investor of all time. However, it has become too big to have investments move the needle. A good blue-chip holding, but don't expect it to out perform the market.

They've underperformed for 10 years, but this could be a defensive--or value--play. Buffett has a war chest of $120 billion, probably waiting to spend it during the next recession. Great managers. They can ride out any economic weakness.

(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.