It's 40 micro-businesses in software enterprise in areas such as healthcare planning and legal professional services. They have negative working capital which he always believed is a bad thing, but here they're generating cash in their business and never need to consume cash. They can react to change quickly. (Analysts' price target: $300.55)

electrical / electronic

It owns positions in Alibaba and Sprint. They have a $100 billion VC fund, the most powerful anywhere apparently. World-class assets. (Analysts' price target: Yen 12568 )


The third-biggest player in cosmetics. They bought Cover Girl and Max Factor in 2016. They do the labelling behind fragrance launches. It's at rock-bottom prices now but will rise, perhaps by a sale. (Analysts' price target: $17.23)

Consumer Products

(Past Top Pick on August 30, 2017, Up 55%) It hasn't been an easy ride, especially if you use stop losses. He's been in and out of it the past year, but remains a big fan. Clients include Facebook and maybe Alibaba. The CEO owns 8% of the company. Their big issue is a short seller questioning the health of their accounts, but the core of their business remains strong. The only headwind is Adobe buying Magento as a direct competitor.


(Past Top Pick on August 30, 2017, Up 19%) They're spending $11 billion on technology this year which distinguishes them from their peers. Pays a 3% dividend yield. Still a winner.

Financial Services

(Past Top Pick on August 30, 2017, Up 12%) It's a great proxy on the Canadian economy with access to all the major shores. It quiet sneaked up to new highs after languishing a bit. Still the premier rail operator. Good management.


Ontario Premier Ford fulfilled a campaign promise to get rid of Hydro One's CEO and did so today by getting rid of the board--then the CEO retired. He doesn't know how this will effect tomorrow's stock price or on markets in general, but points out that the Ontario government owns 50% of Hydro One. Good revenues and yield, but the question is what wil the severence packages be? It could cost $10 million. He thinks this is a good step in the right direction to bring down executive compensation. Ontario must reduce its debt. US-China trade tensions today: the surprise are tariffs will hit consumers in their bedrooms and bathrooms, but also China doesn't have enough imports to retaliate against the U.S. What may happen is it will make it really hard for American companies to do business in China.