This is one of the few commodities that he is positive on because of the restriction in supply and all the reactors coming on line over the next couple of years. He has a decent position. He has CCO-T also.

He feels the passing of Warren Buffet would not affect the stock fundamentals, nor the market in general. BRK.B-T has a succession plan.

Big US banks would be one of the safer places to be in the US. You will probably start to see dividends start or increase with the US banks. Investment banks have done better than banking banks. He thinks this one could do fairly well.

Non-food retailers have done better than food retailers, but he would rather own L-T than MRU-T because it has lagged and the Shopper’s acquisition will prove quite profitable for them.

This is the best growth stock over the last 50 years. They continue to reinvent and reposition themselves. Only trades at 20 times. A classic great growth story. The valuation is at the high end, but long term you should own it.

Energy stocks had a decent move recently. He likes the assets of this one. The growth profile is still there. He is not a real bull on energy stocks. He would not add to it right now, but it should be a core holding.

The problem is that the valuation is the highest in the group. They had some problems in Mexico with missing production estimates. Gold prices checked back and so you saw a pullback in G-T. Hold it, but don’t add to it. He prefers mid-sized companies that might get taken out.