35 Burst results for "Warren Buffet"
Making your money work in a stock market selloff
"So the stock markets here in the United States and elsewhere in the world. Are Having significantly rough days. And I don't know and nobody knows if this is the beginning of a true lasting stock market rout. That would lead to its nose, a correction where the value of your investments in your 401k or an investment account or whatever would fall typically ten percent or more, or this could be the start of a bear market, which is a decline of twenty percent or more, or it's just a few bad trading days. The reality is that what set off? The. Problems for investors. Is the extreme increase in the number of corona virus cases in the United States point where hospitalizations are surging. And we are at what? Public Health people refer to as a critical point is the kindest words they're using. There are some that are like talking about panic about what's going on with Corona. Virus and we do have a real problem because we have the public health aspect. people getting ill we are going to have unfortunately a spike in the number of Americans who die from Corona virus the good news. Is something that I talked about recently that is that the hard working people in medicine. Have come up with better ways to treat people. And so is they've learned over this year and so even the spike in cases, the fatality rates will not be as ugly versus number of cases is they were earlier this year but regardless. This is really ugly for the economy. And the doesn't matter the false choice arguments. About lockdowns not lockdown whatever what really matters. Is What individuals choose to do and individuals by their actions are showing that they are going to do. less eating out less travel, less different activities that will impact how the economy's doing. We had kind of stalled to help with half the jobs lost to corona virus have recovered the other half not. And now we're going to face what could be a very difficult next few months. The good news is that we are closer. To having vaccines that seemed to work. And widely adopted if they are in twenty one. That Corona virus will be defeated in the meantime though it's going to be tough for people's health, their lives and the economy, and that's why the stock. Market. Is Tanking, because economic activity Will. Decline because of this search and. We need a new game plan we need a new roadmap and I think we will get to one about how we do disease management. In the US, we're just not there yet. So. What does that mean to you? With. The concerns have been hearing from people with what may be the most unloved stock market. I can recall where the stock market has had. These great values for a long time people have been really really afraid and polling of investors shows that people have been really worried that we would have the market tank because of how valued stocks been potentially overvalued. So. I don't want you to react emotionally. To this wave of uncertainty. I want you to think about what game you're. If you have money in the stock. Market. The, you need right away. That's dangerous. If you have money in the stock market that you don't need for a good while. Then this isn't dangerous. And I'm a huge believer in something Warren Buffet. was talking about again recently. How for individual investors? You want to invest on a regular schedule. It's an old boring concept. That has the double dull name dollar cost averaging. The idea is that you ignore. Current News about the economy. And what you do is you're steady as you go because you're not investing four today you're investing for the long term. And if you put money on on a regular schedule, most often for most of us that would be through a retirement plan at work or potentially through a Roth IRA. If, you put money in each pay period or each month. You don't have to worry as much about the short term zigzags with what investments are worth. The reason is, is that particularly for those that are under age forty five? calamitous stock market today makes you more money over time for when you will use the money later in your life it's simple math. because when the market declines every dollar you put in from your paycheck. Buys you. The equivalent of more shares of whatever year investing in through retirement plan at work or on your own.
McDonald's customers changed their behavior during pandemic, but some trends could endure
"Of McDonald's down a little bit today. Despite the fact, same store sales in the second quarter only down two point three percent. That's better than what we have been seeing from a lot of big restaurant companies out there. And Jason similar to the comments that we got from Coca Cola's CEO. Chris Kempinski saying he thinks this quarter represents bottom for McDonald's. Do you think he's right? Yeah. That's a it's an interesting perspective to hear from him, and actually think in McDonald's case could be right. I mean I think. When you look at this quarter when you look at. These? Numbers look pretty darn good. All things considered I. Mean I think that what we're going to see. As as discerning season rolls out, it's it's going to be the expenses that really separate the kids from the grownups here eventually, they're going to be companies that can deal with the with the ramp up in costs due to the pandemic. Way better than others. The McDonald's is one that is going to be able to deal that I think pretty pretty pretty good fashion, I mean it's obviously a huge concept. I mean being franchise means. You've got a lot of partners out there with a lot of expertise in their particular geographies. I don't think you can dismiss that I don't think you can discount that interviews remember not all that long ago. starbucks actually pivoted in their strategy. Going away from company owned stores in foreign markets to back to licensed stores. Because they wanted to rely on that expertise that boots on the ground. Expertise that locals have in McDonald's has that, too, so I mean I think that. This is a company that's going to always benefit from this move towards. Contactless drive-thrus. Always a part of the concept for the most part, and then they've certainly noted that. I think it's very. Interesting to note how dependent they are in some markets, though on their dining room segment, and if you look at their international operated market segment, which is a a large piece of the business pre Kovic, nearly seventy percent of customer orders were in restaurant across those larger markets when they close those dining rooms. Even for a limited time. It makes a big deal. It makes a big. Big Impact on on their financials even though they have the drive through to fall back on, so it's not all sunshine and lollipops, but given the situation. This is a restaurant company that's going to be able to deal a lot better than most well. You talked about the expenses, and that was one of the things Kim Ski was talking about on the call just sort of. In particularly their marketing how they have pulled back on the marketing, spend rightly so, but he was talking about it almost in the same way that Warren Buffet talks about his elephant gun. Like Hey, we've. We've cut back on marketing over the past four months or so. We think as our operations rebound in the second half of this year. We're going to be able to ramp up our marketing to a degree that we have in for a while. I'm assuming at least part of that would be aimed at first because. That was one of the things I was reminded of with. This report is. McDonald's, needs breakfast to be successful. They do you're right and I'm glad you mentioned breakfast because that's that's where I was going to go with this as well. They make Donald's. They don't need to mark it as much as others. Maybe I mean. It's obviously very well known brand already. With large presence at their, in despite the fact that they have recovered a lot of lost sales, like in other words, the the the the fall off in June, for example they've recovered essentially ninety percent of their two thousand nineteen tales from junior. The things are looking a lot better than they were just a few months ago, but that is the one sore point. I think for them. His breakfast in. It's not just. People aren't eating breakfast for dinner or lunch as much anymore. It's this idea that a lot of just aren't commuting anymore and so they're not selling breakfast for breakfast. And that that is a bit of a problem because McDonald's. You know I'm not the biggest. McDonald's in the world, but if if I had to go for for one meal I think it would probably be breakfast, they do it pretty well. And they're just that. That's fallen off a cliff, and that's not gonNA. Come back as quickly even though they had that lever to pull in serving breakfast brilliant essentially as long as they want. But, you know what that's. It I mean I it'll be. It'll be a slow recovery. It's it's. I don't want to say it's going to be a lost year, but it's GonNa, be, there's there's going to be a lot of growth that is lost this year, but but again I think McDonald's a company, and in a very admirable position they will be able to play offense while a lot of other companies were playing defense in that ultimately I think a workout well in their favor.
Dr. Atul Gawande: We need a national shelter-in-place
"As Corona virus cases flood the United States Healthcare System orderlies nurses and doctors are taking extra steps and making harder decisions as they maintain. The health of the American public are highlight guests. Today on the pod is one of those essential care workers dr a tool. Gwanda of Brigham and Women's Hospital in Boston he's written about those decisions and crucial methodologies in two of his books the checklist manifesto and being mortal both should definitely be on your isolation bookshelf. They're fantastic. He's a surgeon a staff writer for the New Yorker Andy's the CEO of haven the new and still quiet joint health care venture between J. P. Morgan Amazon and Berkshire Hathaway back in two thousand eighteen. That venture was just getting off the ground. Jp Morgan CEO Jamie Dimon and Berkshire CEO. Warren Buffet told our own becky. Quick about their chosen leader for the new venture at the time. Dr Gomez identity was mystery. Oh and the Jeff. You'll hear Warren Buffett Mention Jeff bezos. We have the right CEO. I'm very enthused about it. I Know Gay me and Jeff are to have. We have announced any individual character culture capability. Heart mind the whole thing now. Of course we know who that individual is and we were privileged to hear from him this morning on Squawk box. Here's Becky quick. Kicking off the conversation with a tool. Gwanda doctor go on day. Thank you for being with us today. Glad to be here you wrote an article for the New Yorker. That really caught our attention and I was hoping you could shed a little light on. What's happening here? You talked about what happened in China. How their first response in Wuhan failed but how they came back so much stronger and really managed to contain things when you talk a little bit about those extreme measures that they took and whether or not. You think we can do that here. Well there was China including than Hong Kong reacting than Singapore and there are lessons coming from all of Asia that suggests there's a few critical elements. First of all you got to recognize. This is a national epidemic and we haven't woken up to that. I'm worried I'm worried about what's emerging in a bunch of cities not just in New York. We'RE TALKING NEW ORLEANS. Atlanta DALLAS MIAMI DETROIT PHILADELPHIA. Chicago are death. Poker curve is now worse than when China was at the same stage. We have twelve states with more than fifteen hundred cases. China had won province so on you know what what works on the flip side. Washington state is flattening the death toll curve and there are some key steps borrowed from that experience in Asia shelter in place which some states are doing. We are about twenty. We don't have the others on board. And we need it really a national shelter in place. It's physical distancing and really being critical about that it's testing tracing contacts and then there's work to do recognize hospitals cannot become sources of infection. And we've got to make that not happen like it's happening in Italy and Spain. How do we do that? Well the the lesson out of Singapore and Hong Kong in particular that I drove into. And you're seeing IT AND SOUTH KOREA'S WELLS. There's a playbook and the playbook includes that healthcare workers when they come into work. They have a daily symptom check to make sure they don't have symptoms of covert nineteen. They go home if they don't and they have a surgical mask From the moment that they come into work in throughout the day taking care of any patients. That's not just because you keep them from getting affected. It's that they're picking up infections in the community and they see it keeps them from spreading infection to others and that's and that's really the critical thing another another part of their playbook which I think is really interesting. They found that they did not have to automatically quarantine staff workers when they were exposed to a corona virus patient. They only needed to Corentin in Singapore. They did it only if it was greater than thirty minutes at less than six feet from the person for If you didn't have a surgical mask and otherwise people kept going. And they had no transmissions in the healthcare space and I think healthcare turns out to be so important because we're learning now. What keeps healthcare workers safe? That's going to show us how we can get everybody back to work safely in Italy. I read that something like eight point. Three percent of the cases that they've reported have been healthcare workers. They're not doing any of that. They weren't doing this and And Not really committing to it. Frankly we haven't been doing it either. Right as of I wrote this article about a week ago today We now have most hospitals starting to flip into taking these core measures. But but it's still way too slow in the hospital setting. We need to have that process where you know when you come into work. You are checked for an asked. Do you have have you had had a feeling of fever today. Have you had a call new cough new shortness of breath? New Loss of taste is be turned out to be a potential indicator of Kovin. It's turning up as a as a problem and Any new muscle aches. And if you do you stay home. you have to Self to self isolate for a period of time. What we should do is be able to offer tests and more and more places are able to offer healthcare workers tests so they know if If they really can come back that that part is critical and then having masks while we're while we're at work supplies are critical issue. So in some places we have to ration the masks in my hospital I get one mask for the day and and that's and that's the way it's gotTa work. Dr Go onto one of the questions I wanted to ask you is. There is a conversation happening in financial circles and in the White House about the cure being worse than the disease. And I'm hoping you can speak to that from medical perspective but also from an economic perspective because some people look at this and say if there is a financial crisis that is lasting their health impacts from that. How do you think about that? I know you spent a lot of time thinking about all of this in a national epidemic Where it's picking up speed in places that haven't had it. The economic damage is going to be worse. If we don't lockdown understand that there's this talk like you know it's only the elderly and the and the frail who get sick They are at risk of dying but look at people just middle aged forty five years old. A quarter of them need to be hospitalized. In order to survive when they have this virus and about five to ten percent of them need to be on a ventilator for days you have this sweep through infect sixty million people. We're done we will not be able to have those people Forget getting them back to work. We will not have those people come through and survive if we can't actually take care of them so you know the idea that that this is that you know maybe we should just go back to work And and this will all be fine and just just let those old folks get sick. Or maybe we'll quarantine the nursing homes. That's not GonNa do it. Doctor mentioned the shortage that we have when it when it comes to supplies What about the potential shortage when it comes to healthcare workers either? Those who get self quarantined those who get the virus. Those who don't feel comfortable working in that environment because they're afraid of exposing their family. Yeah I mean here in Boston. We have more than one hundred healthcare workers who tested positive largely from virtually all from picking it up in the community. But we're finding that the practices that you borrow those from Singapore and Hong Kong. They're able to keep spread from happening. They're able to keep the workers safe the critical things that we gotta have our Masks and gloves and those are so far. We've got supply for the next few days. I see the supply chains continuing to improve. There's there's been this lag we didn't get on it early enough And so when I talked to the manufacturers I talked to the to the government officials were seeing that there is product. Getting into the pipeline. And then you know it's distribution is imperfect we will get through it but the next couple of weeks are not going to be great and so yes we have to make sure. Those healthcare workers are priority. If you have masks any any of your business get them into your
The US Is In A Bear Market
"Yeah. We're in a bear market actually officially officially in a bear market when the market falls down to more than twenty percent from its highs last one we saw we almost were there are in two thousand eighteen so close. I mean Again not never to be flippant about this but the true last bear market was two thousand. Eight two thousand nine when stocks fell twenty percent and then by the way they went on to fall into their forty five percent after hitting that bear market the different this time obviously it's the krona virus and it's it's the cove in one thousand nine hundred and the impact that has having on Citizens of the world governments countries and businesses. But there were how fast this happened. Things falling just asked us ever ever Seen Days Sixteen Days Robert Wright in the previous record you know when it was it was like forty something days set in nineteen twenty nine so which nineteen twenty nine. If memory serves another not guess or so. This happened so fast. Much faster than two thousand eight much faster than even two thousand eighteen which was pretty fast. I mean when when the stocks fell almost twenty percent. That happened over the course of forty days or so so we saw this really quick reaction and then the difference. Of course there's so much uncertainty with what the impact of all this is going to be and this week we saw governments citizens people schools close here in the US. Italy BASICALLY SHUT DOWN. Its country and we're starting to see that now. Play into the psychology of investors and institutions by the way to not just individuals institutions. Actually more institutions. And just the the the impact this is having on the markets and we're seeing the small caps down Tw- More than twenty percent just this week just this week. They're down about twenty five percent so really. We had a nice bump on Friday but but a lot of volatility in the markets right. Yeah so we've been doing this show for about five years and so that means for about five years you've been saying you know this bull market. It's you know there's Gonna I mean. How often do we get a bear market every time you do right so are you happy? Now Bro are you happy. Finally you got your Bare Martin. I'm not happy I'm not happy. Here's what I here's what I am. A proud of that is a message. It's been from the Motley fool as well as this podcast. And that is these times. Do come you may not want all of your money in the stock market especially in terms of having an emergency fund any money you need in the short term. If you're retired have an income cushion I am thinking most mostly these days about the emergency fund thinking of those people whose jobs will be affected all the people at restaurants in the travel industry who worked at the sports arenas all these people who are going to see a significant disruption to their income and I hope they have an emergency fund and I hope the government steps in to help them as well. Unfortunately I think the stat bro. There's a significant amount of the population. That is that is Paycheck to paycheck. And you know barely has a few hundred dollars into the into that savings account. Emergency funds so hopefully a lot of listeners Over the years five years and twenty five years of the Motley fool is we've been talking about how to how to think about saving investing. Hopefully they they have followed along so this this will help cushion the blow a little bit. Yeah at the ascent. They did some research and they found that eighty percent of Americans aren't confident. They missed three paychecks. I mean at just that just hurts. You really feel for them scary. Also because now than the number is about eighty Eighty percent likelihood of of a recession sometime Globally in the next few months. Oh I it is going to be. As Robert said very disruptive sedan to so many lives especially those that are More tied to the Ghia economy Not Necessarily W. Two but much more ten ninety. Yeah I'll just point out that we actually devoted a whole episode to having an emergency find. It was early in two thousand nineteen when the federal government shutdown. We talked about the importance of emergency. And then where to turn once your emergency fund is gone so if you are in that position where you've run your bank account down. Look FOR THAT EPISODE. And we had some backup might decrease. Yeah so no. I don't had global pandemic in their office pool so why the bull market would come to an end. Why isn't that Bill Gates Bill? Bill Gates have been talking about for so he can he can afford it. He can pray for. He's going to be okay. Warren Buffet actually wrote about it back in one thousand nine hundred eighty seven so he also someone who eventually got arrays a long-term investors a long-term thinker
U.S., global markets plunge as coronavirus cases spike outside China
"Monday February twenty fourth market fully. I'm Chris Sale with me in studio today and I'm just going to point out that this was planned last week. It's not because of what's happening in the market. But that just you know. It's convenient healthcare expert Shannon Jones. Thanks for being here. Hey glad to be here in talk about impeccable timing this plan this any better we could not because as of this moment the S. and p. Five hundred is down about three percent so the Dow Jones Industrial Average as I've said before don't blame the headline writers. Don't blame them. Because it's a lot sexier to say. The Dow is down nine hundred points than it is to say. The Dow was down three percent. But when you walked in this morning and you saw the headlines about the corona virus and the impact it was going to have on the market. What went through your mind. I had a mixed reaction Chris on the one hand. I'm not surprised at some of the headlines. We're seeing so for those who may be unaware. We did see a spike. We actually saw New outbreaks happening new country to talk about South Korea. Italy now Iran even And so I think on one hand surprised but also not surprised because we see this every several years or some outbreak. It's hard to contain. I think though Chris Coming into work today though if I look over the past couple of weeks there was kind of a sense that maybe this is contained just in China. Seems like they have a handle on it but really this weekend. I think you really started to see things change in a lot faster than what we were expecting. So a couple of things going through my mind. One is to my recollection. This is sort of the second spike we've seen in cases The I was localized in China. The second is you said is is these new cases in new countries and the impact on stocks that it's having and not surprisingly you look at the cruise industry and Royal Caribbean region crews carnival. They're all hitting fresh fifty two week lows. That's really shouldn't surprise anyone and I want to get to in a minute. Sort of the the amount of time we think it will take four different industries to rebound but as you said I mean the the new cases I think just to pick. France is one example. The the finance minister from France. Coming out and saying that there's a thirty five percent drop in tourists. And that's the impact that Francis seeing France is a country of sixty seven million people. They have I believe to this point. Only twelve cases reported only one death and yet that alone is enough to see that kind of significant drop and we talk all the time about temperament in investing but just temperament in our everyday lives is human beings. It's like yeah. We're we're emotional beings and so we're not going on that cruise. We'RE NOT GOING TO FRANCE. And that's that's going to have an impact unless you're Warren Buffet. Who WAS ON CNBC TODAY? Really talking about his shareholder letter but talked about the corona virus and of course in true Warren Buffett fashion. I mean he came out and said you know don't invest based on today's headlines of course he's always going to be called a matter what the crisis is and so yeah. I think I think there is. Of course more panic I see happening right now in the markets and I'm not surprised by it and I think even from a humanitarian perspective I mean this is a deadly outbreak that is spreading does not appear to be contained. So I think the kids like to say Chris. This one hits a little bit differently than some of the other outbreaks. I'm thinking of SARS Back in two thousand to two thousand and three I'm thinking of Zieger virus back in two thousand sixteen. I'm an even Ebola. This one just has a lot more uncertainty with it number one because we really still don't know a whole lot about this virus we know it's in a class viruses. I think it's the fifth type of Corona virus that the population But I mean when you're talking about Symptoms. There's some talk even that some people may be asymmetric meaning they show no symptoms. But they're contagious. And that's scary right like if I'm if I'm just a human being that that's scary because now I don't really know how to to wrap my head around it but one interesting thing that I think For me as I look at the situation that makes me a little bit more concerned now with this kind of second wave is if you look at Iran Iran really hasn't had a huge spike in cases. But what you have seen is the rate of death actually go up faster than the rate of infections. And that's interesting Chris because people typically don't die immediately from Corona virus. It takes weeks so the fact that now of setting they have Maybe about eight or nine deaths as of this recording. That's actually going quite faster than the infection rate tells me these are people that were probably sick and didn't even realize they had the corona virus and there was no type of containment so there's probably some under reporting just on the infection side alone in an area like that and of course you know there's a lot of speculation you know is the government they are even able to contain it so. I think I think it's just different this time around than with some of the others
Time President Keith Grossman on Display Ad Revenue
"Up to the digital podcast. I'm Brian Marcy today. Joined by you've guessed a few times. Keith Crespin President of time Have been on here before your Bloomberg. You've now been at time since July. I want to get to the decision to go to time because I think it's really interesting because you were at engine very briefly and all of a sudden. I was shocked. I was like you're at time Explain making them. I'm sure this was like a unique opportunity but at the same time I'm really interested from a career perspective about you know. There's probably pressured like pass it up now. No actually it was interesting when I loved my time at Bloomberg. I was there for five years. Yeah and every year we were there. We grew double digits and in the final year week. We launched tick tock which now quick take You know timing. By the way David I just in You know launch to the New Economy Form. We had really successful year. We ended the up sixteen percent and for me like what I was. Struggling with personally was My entire career. I was very much in the revenue track and The advice I kept on getting was in order to one day ultimately become a president or CEO. I had to diversify myself. Move myself into a horizontal sort of role coo role and the opportunity to engine presented itself. And I thought that I was going to be there for two years or so And really begin to understand how to think about Bringing together thirteen disparate companies and and really sort of turning it into one cohesive unit and I was talking one day to A Greg set lock over at Spencer Stuart and this just goes to show how weird and serendipitous life can be at at. I asked him his advice on something and at the end of our conversation I was walking out and I turned around and I said to Him Greg. Thank you. That was really helpful advice. Like how can I ever return the favor? And he said to me. Do you know anyone who wants to be president of time and I said what are you talking about? And he said well you know mark and Lynn bought time back in November. And they're looking at how they want involve evolving and where they want to invest in it and They need more than just a cro and building up the team and They're they're just looking at the marketplace right. Now do me a favor. Send me the JD for it. I'll give you some people who I think might make sense. And that night. He sent it to me and I read it and I sort of was like Whoa. I've done everything here. Other than run consumer marketing and I went to bed and I woke up the next morning and I couldn't stop thinking about it and I wrote Greg a note and I said Greg if I wanted to throw my name into the game for this would you Allow me to sort of Be considered for the role. If not no worries I'll send you some other names. And he said let me speak to Edward Edward dealt with the CEO and Next thing you know Edward Said Let's meet on Friday. We had half an hour and the half an hour went two and a half hours and Edward at the end of the meeting. Said what are you doing a Monday and I said well? I'M GOING TO LONDON. And he said it's a shame if you're free Monday at heavy meet with mark. I said Benny off said yes. So I said we'll get meeting with Mark Benny off a Monday. And it was Friday at five thirty. I go I will I'll move my trip to London and so Edward takes out his phone any texts mark and gets back. He says Cheryl on Monday I think it was nine. Am and so. I changed my my trip around London Monday morning. I met with Mark coincidentally was the day that salesforce bought. Tableau so the nine meeting moved to twelve because he was on on the news and everything and three and a half tests. I is right. I mean that's not like a small deal no not not in the slightest right I was I was blown away. The then he's still kept the meeting but it was an amazing Do some multibillion dollar deal like before lunch and then and then you know I. I don't know how to respond to that regulate from from my end but I It's like how was your day. spent a few billion But but then You know he met with Lynn his wife. And you know everyone at time and and You know the Family Office. Because we are privately owned entity any offs and So what attract? But what attracted you to the opportunity? Because I mean I think a lot of people would look time as a quote unquote legacy publication. Obviously having A billionaire benefactor. Maybe we can talk about whether it's a benefactor or like an owner wanting to make like a real profit is an advantage but you know from the outside it would seem like a pretty challenged brand went through a several Tough years shirts changed hands. I think the answer to that is how I think I look. Industry is I look at the Industry. Ultimately is it's it's an amazing industry loved this industry. I think that more people should come into this industry as as people think it's a scary industry I remember we talked about one time. Doing like a confessions of an optimist. I love like these like distraught. Well it's all anonymous pessimists and I'm going to go on the record optimist and you know like Warren. Buffet has a great quote of you know. Be Fearful when others ingredient greedy when others are fearful and. I think that this is a great moment. Where if you have the support And you know the intent of time is to be a profitable business ended is moving in that direction and we are up in Q. One and we are. We're up in January. We'RE PROJECTING UP IN Q. One we are going to be. We're aiming to be profitable this year from a cash flow basis but And that's our intent is to run a responsible business but If you look at my career I went to wired and I started at wired the week after it was about to be closed for the DOT COM bubble. That was my first job. As a sales associate I worked on the launches I work on turnarounds and I work on saves right so like like I like the idea of If the business is ultimately debate called Meets Investment Advisor. The time brand is one of those incredible brands. Incredible Ninety seven year history it actually has great foundational elements of it. But it's gone through say ten years of neglect Through mismanagement through transitions of owners. And now that it has dedicated focused resources. I think that we're in a really strong position to Evolve the time brand to really capture the attention of of the next generation of consumers and from my perspective as I kept on looking at the deck and assessing this opportunity would I really saw was the challenges at the end of the day was evolution of Time magazine to Time. Right because everyone. We'll call it. Time magazine and you have to sort of evolve to the time brand and then is it relevant to the next generation of consumers. Yeah right and when you look at the second part I and you look at all of the hard work that Well that's critical right to the strategy. Because I mean you can milk legacy brands. That means something to a certain demographic I mean like good housekeeping is a fantastic. It's a good business That doesn't mean it. It's gotTA challenge so. Let me ask you a question. Who Do you think reads? Time magazine from Demographic Perspective the magazine itself Give me the most general demographics. You could possibly imagine my mom really seeing. It's an older female. Yeah okay so I either get older female older male right If you look at time on its social feeds right on twitter. We have sixteen and a half million followers on instagram. Eight and a half million followers on facebook twelve and a half million followers linked in two million magazine hold on. I'm going to second the demographic of that sixty one percent under the age of thirty five Fifty two percent female and thirty three percent non Caucasian. And so what you find is is that you have this entire aspect of the time brand not the magazine that reaches a completely different demographic that is showing the value to the next generation. The issue has been that none of those areas have been productized. None of them has been marketed as time. The brand is always been sort of presented as Time magazine. And so when you think about it you don't want to discount the magazines value. The magazines values tremendous the reason that we have such huge footprint socially is because of the history of ninety seven years that we have is the magazine but The brand has evolved to a new generation to mean something totally different. But I guess how do you square both sides right because when I think of of time the end from the outside Lake I think of two halves there was like these sort of d day commemoration issue half and ensure that is like outrageously profitable Which is obviously for a different generation. And then there's a kind of like I like time went into that sort of viral content sort of thing where like ton of facebook friendly fair and and Social content that gets gets big numbers and a lot of people. Got Those kind of big numbers but mostly on differentiated. Kind of stuff that You know it just. It's it's feeding the Internet beast. Now I think that that's a fair assessment of the marketing industry of the media industry. I don't necessarily agree that that's where we've gone with time on social but I think that what's happened if I can sort of step back for a second is is if you look at sort of the industry at large Historically a brand Served as the demand within the marketplace in the supply was the consumer right and that was when time was just a magazine. That's when everyone was just magazine prior to the Internet prior to the equity of connectivity of all of these devices when all of a sudden everyone is connected. I'm really interesting thing happens. Which is that. The supply becomes the brand right like time becomes a supply and demand becomes the consumers time right And that's the only thing that everyone is sort of focusing on is is like. How do you capture consumers time? Now what's interesting against that equation is is that when a brand is. The supply and supplies ultimately unlimited. Like your job is as you have to think about. Sort of. What's the value that you provide them? What's The utility you provide? But it doesn't mean that you have to do that. Holistically across everything in a In a synergistic way what it means is that you have to think about what is the experience that the consumer wants and then how do they actually perceive your brand so in a world of infinite choice? You think that's actually dream. But what actually happens? Is that the consumer with their timers paralyzed because they have like unlimited selection. And so we're the time brand actually presents a tremendous amount of power is in this red border now. The red border for some people manifest itself as a print magazine right and that's one way of experiencing sort of the red border for others just manifest itself as as online video right we produce four hundred digital videos a month For some people it is how we do our twitter handle and how we give will sort of information and news in that area. In some instances it's digitally in some instances like we will move into to the audio space. But I think that for us what we WANNA realize is that people don't have relationships with platforms anymore. They have relationships with how they want to experience the content and then secondarily Certain Demos are going to experience the contents completely differently. And it's an advantage to say. Well we know that the magazine reaches an older demographic and we know that time for kids is a younger demographic why wouldn't if we ever consumer is D- And productized time for kids in a manner that can be sort of a a toy for a child or a kit for child's surrounding education. Why wouldn't we promote it to the older demographic that's probably the parents or the
How to Leverage Unfair Advantages in Your Marketing
"Welcome to another episode of Marketing School. I'm Eric Su and I'm Neil Patel and today we are going to talk about how to leverage wjr unfair advantages in your marketing. So Neil what are some examples of unfair advantages. Sure unfair advantages is like Kylie Jenner really releasing Kylie caused medics when she already has a huge following and allows her to instantly become a billionaire but close enough in which I know. That's not Overnight success that's a overnight success ten years in the making it's more so she's able to leverage her brand and grow superfast or beats by dre leveraging aging all their celebrity connections to having them where their product and then apple ends up buying him out. But the list goes on and on. And you're seeing this kind of stuff in Seo Seo email marketing you know like people getting influencers in having him on their landing page giving testimonials which helps improve conversions. But there's a lot of ways that you can have have a unfair advantage over your competition. Yeah my opinion is if artists start all over today doing a business. I think it's most important to build an audience. I you know if I were starting. I'll all say look I gotTa Take Care of survival so maybe I might be working fulltime for a while so I gotTa Take Care of you know my my bill's GonNa take care of my food and everything like food and drink but once I got to think about okay how can I start building. My brand and example of this would be when I think about Jake and Logan Paul. They built their brand off off of vine. Initially and now they're superstars not only on they. They have like a huge volume. They have a huge instagram volunteers. All over the place so I think fundamentally you build the audience. I and that's how you build your unfair advantage and to Neil's point once you get your unfair advantage going. You're going to have a group of people that you can serve your audience and you figure out what they need and you can build around that where we can buy around that. But the unfair advantage is Warren Buffet and Charlie Munger always talk about the moat. I think when you look at Coca Cola is an example. Their brand is there moat right. That's what makes him such a good company yet and Eric's really spot on like a prime example of this is what with Uber suggests now Has Grown. I'm not saying it's the best APP or anything out there but the reason is also grown so fast because I had a huge brandon had such a large traffic traffic in the marketing SEO space. I probably in the digital marketing specifically space performance marketing. I probably have more traffic fake than anyone else. When you combine social and web like blogs podcasts all that kind of stuff yes there are Gary v's who have a huge audience but He's not necessarily in the performance marketing space. But when I did that and I ended up. Releasing Uber suggests I'm getting more monthly sign ups shorts free but but I'm still getting more monthly free sign ups than any of my competitors are even if they have a free version like sem rush. I'm still being an. I'm doing that without paying for ads. But it's because I built up millions and millions of visitors and followers over the years. The question than Neil is people are thinking okay. Look we're starting out right now. How do we build an unfair advantage? In how long did it take you to build your unfair advantage. You think like to get it to start to take off. It takes three plus years ears. You know I said it takes three years to do anything decency traction. You should see results within the first six months but really three years for anything to truly start taking off. It doesn't mean you'll get to where you want in three years. It just means us when it really starts taking off and what you'll find is the web already saturated. Yeah you already know yet to go Omni Channel. We've talked talked about this. But if I were you and your unfair advantage start off with the channels at your competitors. Aren't leveraging you know a lot of them aren't leveraging social platforms like tick tock yet and you you may say it's not a right fit for my audience that's fine. You'll also find that Lincoln's been around for a long time but very few. Your competitors are posting on there on a daily basis this or going live on Lincoln even though they have that feature and gets tons and tons of reach yet very little to no people are using that feature online. Did Yeah Awesome but also from my side is as I see that things are things from personal side. When I look at the twitter that I had in the past and my other channels I really wasn't touching it that much and I was kind of leading people? My team manage it but once I started to manage it. The engagement rates shot up. Because it's actually me talking and it's stuff stuff that I mean I post stuff that makes my blood boil right and I test different things. So keeping here is if you're building as your unfair advantage is starting to build. It's starting to snowball all you have to think about how you can also try to deals point earlier go a little Omni. Chen diversify a little bit and let the snowball continued to build. It seems like you might be losing focus there. But which if you had the same focus message across. Those shouldn't take you that long to repurpose it. And you see everyone starting to repurpose now. So everyone's doing it. Then you are not going to have advantage if you don't do it right so think about that as well
Billionaire Bull Teslas Plan for China Davos in the Desert
"This squad the daily podcast brought to you by the team behind squawk box control to CNBC's essential morning show every day get the best stories debate and analysis from the biggest names in business and politics today legendary investor Ron Baron believes strategy that goes beyond tomorrow is key to a positive outlook today the next fifty years there's going to be similar to the last fifty years that'd be twenty five times your money invest now tesla new Chairman Robyn Denholm took aligns job but she's still one of his biggest fan the way he runs the company is is phenomenal in Davos in the desert Saudi Arabia's anyone investment conference kicks off next week who's going WHO's not and why it matters commissions and happens companies. They don't have permanent enemies you know they don't have permanent friends they just have permanent interest I'm CNBC producer Cameron Kosta it's Friday October twenty fifth todd begins right now under by three two one two Andrew Good morning and welcome to spot right here on CNBC we love Nasdaq market site in Times Square meant Ross sorkin along with Joe Kernan becky quick with she is live in the barren investment conference with the legendary Ron Baron we're going to get to them in just Ron mine is a buy and hold investor who's long term strategy has made him a legend on Wall Street every year CNBC goes to his investors conference this year and many of years Kikoko's and so does Katie your usual podcast host they cut off this morning off camera we're at Lincoln Center in New York City today and this is where the baron investment conference is taking place it's an annual conference that we've been coming to since two thousand and eight so we've been longtime longtime participants in just coming along for the ride and seeing what Ron has to offer mazing thing is ron brings lots of big entertainment where it Lynn Lincoln Center so in the past he's brought guests like Barbra streisand or Bruce springsteen or McCartney which he said was his favorite but the big deal and the reason somebody shareholders who come here the Barron shareholders come is because he brings up his managers they give their take on the world and then they bring up the CEO's a lot of the the biggest companies that Burns invested in and and so it's really kind of a mix of entertainment and and and really of view of what's happening in the economy and what's happening in business so so Ron's whole perspective is by hold stocks for a long time this am businesses invest in people you know some of the people that we've met her over the years have been people like Elon Musk who's the head of Tesla and creator of Tesla we've met Kevin plank who was the founder and CEO of under armor he finds people who he thinks are at dynamic who have big ideas and then he watches the companies and watches the markets now he said buy and hold for a long time that doesn't mean buy and hold forever like Buffet Likes To do Warren Buffet likes to do under Armour Kevin Plank was a big investor in that company but there was a time if you eight years ago where he said Okay it's time to sell what's your big takeaway on Ron's message for investors right now particularly with the way the markets are you know if you look around it's a pretty turbulent time his take is that this is an incredible time to get into the markets he thinks people are far too pessimistic are host Barron Investment Conference Ron Barren Barren capitals chairman Ed. CEO Let's talk a little bit about your theme this year it's called what's next why what's next and what is next so what's next is that so we're looking for faster growth in the future then in the past and but what's next is the growth the economy goes for the stock market what do you mean economy and and what I think is that when you think about the turmoil that's taking place in the stock market now and everyone is afraid that's you know and people have higher amounts of cash and they've ever had before in Europe they have negative interest rates people so concerned is eighteen central banks can in Rio do there The interesting United States are have been going down the way I think about it though is that the stock market today is pretty much the same values nations that it was in one thousand nine hundred eighty nine and sixteen point six times earnings or sixteen point five times earnings then then was amidst turmoil you had the city's on fire the national guard the streets are trying to keep law and order yet the Vietnam War protests women's rights protesting so so everything was it's a mess but but really sticks and the assassination of President Kennedy swapping my office about I have a lot of younger people mouse and they said tell me about this assignations sixties and people said well John Kennedy said anyone else and they said I don't know it was Martin Luther King in one thousand nine six eight and Robert Kennedy Nineteen Sixty eight they tried to get George awesome so so there was turmoil and it was a concern that that the country was going to survive but the stock market then was thousands on Al Jones is now twenty six or twenty seven thousand twenty six times the economy then was eight hundred and fifty billion is now twenty one point three trillion twenty five times so all you had to do this believe that this country was going to survive and invest then and you would have made twenty five hundred money and so I think that what's going to happen in the next fifty years of course I'll be one hundred twenty six by then and you can reach me at Barron Funds Dot Com they will know where uh-huh and but but I'm thinking about the next the next fifty years it's going to be similar to the last fifty years that'd be twenty five times or money if you invest now and and and even better is that interest rates today or one and a half percent one point six percent for ten years they're normally four and a half percent for ten years you have platform investments now so it used to be when I was young and you wanted to make money you'd build a factory for a million dollars or hotel and then maybe eight hundred thousand one hundred fifty thousand after you take the risk of putting up a million and so but now you've you've come into capital late business you have technology I therefore other people giving you money writing off have platform built you could be a licensor people could be using your business in the cloud and then all of a sudden you start getting revenues and that revenue you just seventy eighty ninety percent margin that's worth more than a earnings per share company without having put up the capital people finding some of these two so you can do it exactly so it's capital low interest rates the technology technology is making businesses grow faster because and and also it's it's making your costs be lower and then knowledge knowledge is growing the fastest pace than it's ever grown and it used to be one hundred years ago that knowledge doubled every hundred years and then after World War Two it was twenty five years and now it's every eighteen months and with the Internet of things going knowledge is going to double according to IBM every eight hours or twelve hours knowledge humankind but when when you look at our growth that we've seen to this point a lot of people say our economy is just stuck in a slower growth economy we're never going to be able to grow faster pace we've seen it pick up a little bit over the last several you ears but why isn't reflected in the numbers why isn't the economic growth stronger because you're right information technology all of these different ways of increasing our productivity are it's not reflected in government numbers right now people are afraid well you're in one of these the economy doesn't go like this it goes like this and and so the result to that whenever goes down people say this is it this is the end I better get out and so all these people watch remote show in the morning and everyone talks about well the stock market invested
Amazon, Warren Buffet And CNBC discussed on CNBC's Fast Money
"Berkshire-hathaway disclosed the size of its stake in Amazon, four hundred eighty three thousand shares worth roughly shy of a billion dollars at today's closing price, Warren buffet told CNBC last week that he was not the one making these purchases, but one of his other portfolio managers was really behind the by Amazon
China, Warren Buffet And CNBC discussed on Retirement 360
"Allen the whole. Idea of tariffs and trade wars with China. It's it's moved our market. It has moved the markets over in China. There's a lot going on with that. And Warren buffet was talking about it this week on CNBC starting a game that you don't know the ending. But you know, it isn't a good game. That's what mutually assured destruction was that you felt as long as mutually assured destruction. Nobody would actually launch a missile, and this is a similar can be similar type game a little bit of chicken little chicken. This is not good for you. It's not good for us. So let's not do this. But
Stocks get hammered, with Dow off 600 points
"Big selloff on the street with the Dow dropping six hundred points wasn't funny. Unless unless you're out or short volatility gripping Wall Street once again traders are on the hunt for safety, but not in the usual places our very own Mike Santoli who is like book ends on on the day. Like me. In fact, we're together down at the new York Stock Exchange with all the details might on the twelve hour plan. Yeah. Absolutely. Joe, you know, and it's actually this this dynamic of quality stocks outperforming, the Broad-market really started to take hold even before we had that correction October the run up in September. You started to see people say, you know, what it has kind of a defensive leadership profile, and that's I think been solidified in the last several weeks. So what is quality as defined here? It's not the same thing as value, these aren't necessarily cheap stocks, but their stocks, basically with very strong and stable businesses powerful brand names resilient profit margins. Also. Low debt so strong cash flow, strong balance sheets healthcare fits a lot of those profiles. It's been the best performing sector this year up eleven percent. And then the rest of it. It's kind of a Warren buffet type stock basket, you might call it coke P and G Disney. Starbucks would be the kinds of stocks that would fall into this general area of quality. The big question is what it means for the broad market that the stock that have been doing very well. And you see strategy say you want wanna tilt toward quality. It's not to say that you would definitely heading for harder times or a continuation of the volatility that we've seen, but if we were headed for a bear market or something like that this is kind of the profile of the leadership you'd see at this stage right now, I think one of the big questions is obviously financial tightening at the same time. You having an economic slowdown means people are kind of hunkering down figuring out how much more is left in this cycle again, not cheap stocks. But an interesting place. I think that money is flowing in the context of people being a little bit on it
‘Google Go’ Browser Will Read Web Pages Out Loud
"One triple eight eight to five fifty to, fifty four, once, again, is the. Way to join us and before we go back to all of our fantastic phone calls this. Show some more interesting items. That crossed my screen that you just need to know about because it's really hard to decipher the good. The bad and the ugly stuff that you see online but these. Are, the important things that you need to know like for, example if you use, YouTube at all and especially if you have some young women in your family odds are you know at least something about the makeup videos see the young. Women in these videos talk about the latest products they have millions, of views And in the industry they're actually called. Influencers the influencers make money by striking deals with companies and brands. To promote products on their channels and on their streams and in, the case of popular influencers sometimes they. Can get for just a single post or. A single video housands of dollars that's right assure post maybe a, few hundred words or a five minute video thousands of dollars because they have all these people that are following them now the reason why I'm bringing this up is that the times are changing. And now companies are paying influencers extra money to bad mouth. That company's competitors, big money something like seventy five, thousand dollars for a dedicated negative review of a competitor's product, now of, course there, are rules that influencers have to follow. When making promotional deals the Federal Trade, Commission requires influencers to clearly. Disclose on social media if The poster paid by advertisers were if there's some financial relationship but from now. On, if you, read very positive review or very negative review if you see a. Video telekinesis to it could just be bought and paid for either. Way And speaking of. Kids do you remember when, your, mom would say Eric. Just got in from school wash your, hands and make sure that you sing happy birthday to make sure that you get, all, those germs off your hands that should. Be enough? And then also in restaurant restrooms I, always like this they always have that. Sign that. Says employees have to, wash their hands thoroughly before going back to work and you're like gosh I really hope that they do that don't you are you. Sure that they're doing well here comes some tech. To the rescue that's right a couple of, really really smart engineers a figured. Out that putting together proprietary wavelength seen by a tablet that bounce off of microbes on. A person's hand and the reflection is then received by tablets, camera you can see, the Steph I'm talking about you could see the bad, stuff the light reflects slightly differently based on the shape of whatever bounces off of including bacteria Area so within a couple of, seconds and. Algorithm compares, the wavelengths of the reflected light and then it. Could say hey that's coli that's salmonella that's, the, norovirus that's that's listeria gives, an indication redder green the presence of contaminants and then these are hand-driers size devices they mount right on the wall right next. To the sink so. The whole idea that you're, going, to wash your hands. When you get done washing your hands, you're gonna put your hands under these lights and it's going to tell you whether, or, not you still have bacteria in your. Hands now? In a pilot program in twenty locations, New York City North Carolina Michigan paths. Spot is. The name of the, company they saw contamination rates decreased by sixty percent over a month and that's great I just wonder if you're gonna start seeing ratings. On restaurants now based on how well employees wash. Their hands again aid f rating I mean, speed of restaurants I've always had. This idea for a chain of Elvis Presley steakhouse I mean it would be for people Who love meat tender Hurts really hard. On that one hour Google. Has a new toy you might. Want to check, out it's called Google, go He can read web pages. Out loud in twenty eight. Different languages using they, say a natural sounding voice it works even on a to g connection if you can believe it the app uses a. I artificial intelligence, determine the most important parts of a web page and only read, those sections and leave out everything else so for example if you're reading a cooking blog side and Google goes fired up you don't listen to. A drone on and on about the writer's life and. Love of different types of salt before getting to the recipe itself it's really great. Obviously for those with visual. Reading impairments but the browser also displays what. Is, reading and highlights each word is it goes so. You're studying another language you, can use the features a learning tool again the. App is free and it's called Google go. And in other Google news they also unveiled something called the tighten security. Key I don't know if. You've heard about this it's two. Factor authentication or, two And it's going, to improve security make it almost impossible for anyone to breach your, online accounts sells for fifty bucks in the Google store right now clouds a bluetooth key a USB king connectors that you might need so basically. To get into your Google account need access to the. Key and then a key needs access to your device so the whole idea is. If you don't have the. Key you don't not going to get any. Access, if you're a potential target for hackers say you're. A politician a business leader, journalists or activists are you might want to check. Out the Google titan key and even if, you're not the target of hacks Make wanna consider the service tighten. Security key, also works with dropbox Facebook get hub Salesforce drive Twitter and a host of, others again it's called the tighten security. Key and one more from the Google new product announcement pile, is that Google smart assistant and Google home speaker are now bilingual that's right allowing for the first time any smart assistant, you can issue, commands in two different languages interchangeably and that's. The big deal before now you actually had, a switch back and forth just say English or Spanish but now you can. Speak in English you can, speak in Spanish and the Google, assistant will know apple Surrey Amazonas Alexa Cortana. Can be set up to understand and, speak languages but again, Google the first, one to support multiple languages at once as it rolls out it can understand, any pair of languages this is quite a feat English German French Spanish talian and Japanese it also. Says that is aiming, to make the Google assistant. Tri lingual in the future and I know what you're. Saying, and I, just wish it would finally understand my body. Language, that would be it all right. If you're on Twitter I have some sad news to tell you Warren Buffett is not tweeting inspirational quotes that's right there's. A fake Warren buffet out there and, you may have. Seen his advice and account impersonating the eighty seven. Year old investors shot to social. Media fame would have bagged almost three thousand likes, or its first tweet first, week the first tweet says advice for. The young people read and write more stay healthy and fit networking is about. Giving actually sounds like Warren Buffett find a mentor keep in. Touch with, friends you are not your job to win to leave don't spend what you, don't have and so on and so. Far close it had almost Two million likes to million likes of course the real Warren, Buffett the CEO. Berkshire-hathaway does have an account. But he hasn't tweeted since twenty sixteen that's right. So the fake account coupla signs had no blitz. Nob- little blue tick. Next to it Wasn't verified limited activity the first tweet Warren Buffett's name is. Spelled incorrectly another red flag there meanwhile if you're mourning the loss of. A Warren Buffett, tweet tears one that is actually true the. Less the prudence with whom others conduct their affairs the, greater the prudence with which we must conduct our own that was in, his, two thousand seventeen. Edition of the annual shareholder. Letter by. The way a little more fun facts about Warren Buffett he actually, plays? Bridge on line four, times, a week and if, you're playing bridge, online with somebody, under the name of T-Bone yes t. hyphen bone that. Could be Warren Buffett all right let's talk about all the data that you're. Creating in, your life right you, got photos videos documents all your tax, stuff your business files what a fall. Suddenly it. Were just to go away and to vanish that's why it's always important that you secure Your, all, your important documents and files securely and safely in.
North Korea: US is making 'gangster-like' demands on denuclearisation
"Nbc news radio i'm monica nelson a rescue effort is underway for the youth soccer team trapped in a flooded cave and thailand the thorny say the decision to begin the mission to rescue the boys was made due to the dropping oxygen levels and the threat of more monsoon rains a team of thirteen divers and five navy seals entered the cave to start the operation a pair of divers will take each boy out one at a time there are differing versions over the success of the latest meetings with north korea us secretary of state mike pompeo says there's progress in denuclearizing the nation but north korea media says the deal may not go through we had detailed and substantive discussions about the next steps towards a fully verified and complete denuclearisation north korea's state media described the us attitude as regrettable instead american officials came with a gangster like mindsets firefighters battling record heat or making headway against fires burning across california the holiday fire is now eighty percent contained in some manner dettori evacuation orders are being lifted a deadly wildfire along the california oregon border is now twenty percent contain the twenty two thousand acre clemma thon fire has destroyed at least a dozen buildings a body was found in a burned out home americans in parts of haiti are being told to shelter in place as violent demonstrations continue on the island nation due to protests against fuel price increases order by the government angela anderson has more about one hundred twenty americans are trapped in a hotel in the capital port of france after protesters tried to set it on fire and storm the building police were able to keep them out the us embassy told americans on the island not to attempt to travel or drive through roadblocks and avoid any large gathering mark zuckerberg is moving up in the world but facebook ceo is now the third richest person in the world passing up investor warren buffet on the bloomberg billionaires index zakar is now worth nearly eighty two billion dollars amazon's jeff bezos is number one on the list with a hundred and forty billion and microsoft founder bill gates came in at number two you're listening to the latest from nbc news radio.
nstagram release app allowing users create hour long videos
"More protection every bit as encouraging sabrina cupid for cbs news atlanta surviving an opioid overdose significantly raises a person's odds of dying within the next year how serious is the nation's opioid crisis according to a new study one in every fifteen people who suffers a nonfatal opioid overdose will die within a year researchers at columbia university in new york say even after surviving an opioid overdose abusers were more likely to die of an ailment related to drug misuse disorders circulation problems and cancer opioid abuse has already claiming an average of one hundred seventy five americans each and every day and the death toll has been rising steadily for the past decade jim chenevey cbs news the land of the maple leaf will soon be welcoming the marijuana leaf prime minister justin trudeau of canada says marijuana will be legal throughout the country beginning october seventeenth the senate gave final passage to trudeau's bill this week the prime minister says he hopes that legalizing pot will draw money away from organized crime and will better protect canada's young people it's hor fifty and some big wall street gains for social media joan doniger checks your money instagram's efforts to get into mobile video help power facebook shares to a record close they rose two and a quarter percent to two hundred dollars instagram is owned by facebook in its launching that new hub for a long form video i g tv is both a standalone app and a section of the instagram app it's already signed up some influential video creators such as les ponds to create content today's results helped facebook ceo mark zuckerberg come this close to moving past warren buffet as the world's third richest persons eker berg worth more than eighty one and a half billion dollars now and snap may already be hurting now not necessarily because of i g tv needham analysts say it looks like brands are spending less on that social network this quarter and shares fell almost four percent it was a split decision on wall street the dow continued its losing streak now at seven days it fell forty two points the nasdaq however rose to a record up fifty six to seventy seventy one and a half the s and p gained five we check your money at twenty and.
Facebook, Mark Zuckerberg and Instagram discussed on KNX Afternoon News with Mike Simpson and Chris Sedens
"To get into mobile video helped power facebook shares to a record close they rose to one a quarter percent to two hundred two dollars instagram is owned by facebook and it's launching that new hub for a long form video i g tv is both a standalone apnea section of the instagram app it's already signed up some influential video creators such as les ponds to create content today's results helped facebook ceo mark zuckerberg come this close to moving past warren buffet as the world's third richest persons eker berg worth more than eighty one and a half billion dollars now and snap may already be hurting now not necessarily because of i g tv needham analysts say it looks like brands are spending less on that social network this quarter and shares fell almost four percent it was a split decision on wall street the dow continued its losing streak now at seven days it fell forty two points the nasdaq however rose to a record up fifty six to seventy seven eighty.
Facebook stock closes at record after announcement of Instagram TV
"Video helped power facebook shares to a record close they rose to one a quarter percent two hundred two dollars instagram is owned by facebook and it's launching that new hub for a long form video i g tv is both a standalone app a section of the instagram app it's already signed up some influential video creators such as les ponds to create content today's results helped facebook ceo mark zuckerberg come this close to moving past warren buffet as the world's third richest persons zuckerberg worth more than eighty one and a half billion dollars now and snap may already be hurting now not necessarily because of i g tv needham analysts say it looks like brands are spending less on that social network this quarter and shares fell almost four percent it was a split decision on wall street the dow continued its losing streak now at seven days it fell.
Aflac, Bloomberg and Berkshire Hathaway discussed on Bloomberg Daybreak
"Complaint accuses aflac of inflating a sales measurement and suggests the firm may have manipulated earnings by shifting the timing of glenn it booked revenue and services also tell bloomberg warren buffet made an offer to invest three billion dollars an uber earlier this year that talks ended up falling apart following disagreements over the terms and size of the deal he offered from berkshire hathaway would have provided a convertible loan to uber that protected buffett's investment should.
Wall Street rises as Chinese president eases trade worries
"Fourteen ten key bnp this is bloomberg markets with him fox and lisa abramowicz follow whatever warren buffet does how much did president trump's support of these projects really expedite them consumer confidence is still near a fifteen year high is so much focus on fiscal stimulus and infrastructure spending breaking market news and insight from bloomberg experts there are economies that are definitely benefitting from the strong adila there's been a lot of hype about how blockchain's gonna revolutionize wall street we're getting four point in which mexican assets very very cheap there is always more concern about chinese deals he's bloomberg markets with pimm fox and lisa abramowicz on bloomberg radio shares of facebook they are higher by about one and a half percent as chief executive mark zuckerberg gets set to testify before congress we'll have details we're also going to be talking about the power that sun and stars make when they clash into each other and how he could use it here on earth but right now let's head over to greg jarrett for bloomberg business flash greg thanks lisa stocks rallies the trade tip eases treasuries slipped chinese president xi jinping gives us speech that is interpreted as conciliatory that combined the us president donald trump's more friendly tone points to potentially less combative approach to the nation's disagreements and that as investors weighing whether fears of a trade war have become overblown james bevan's ucla investment management cio tells bloomberg a variety of indicators bode well for us equities us companies are still hugely important i look at the trade off between valuation earnings griffin i see the us is extremely well place despite the global economic growth versus this may be the us equity market has the capacity to benefit we check the markets every fifteen minutes throughout the trading day here on bloomberg radio.
"warren buffet" Discussed on Bloomberg Radio New York
"Is a day for the airlines in here to talk about why this is so important to watch today on this monday is dave wilson bloomberg stocks editor columnist and blogger at mlive go on the bloomberg dave i want to start with airlines because they are doing well in the wake of some comments from the oracle of omaha brigadier warren buffet once said he was an arrow hollick well it's clear that the that particular road ailment in well actually it's not even an ailment anymore it looks more like an advantage in bear in mind you a couple years back buffett's berkshire hathaway bought stakes in the four largest us carriers american delta's southwest and united and what's interesting is if you go back through what brochures done historically this sort of thing is not unprecedented he ended up he got the rail routes buying stakes in three of the largest north american railroads and ultimately end up taking over burlington northern santa fe be nsf so the real question now is whether history is going to repeat itself because he'll buffet who had berkshire's results over the weekend sowa after that day he talks the cnb say they raises the possibility that berkshire my by an airline outright i mean clearly the industry has changed over the past several years i mean it's making money where it didn't use to you don't have the constant threat of bankruptcy which was the case for so long as a result of competition among carriers so you'll look and you've got american delta united southwest all higher end gaze of one percent two percent nonetheless it is clear that what buffett had to say about the industry got people's attention what dave also getting attention has to do with the fact that he believes have many companies are too expensive to purchase and that's.
"warren buffet" Discussed on Business & Biceps
"This message is life in general and john being i will see that his perspective on it uh gives him some sort of all the sindh filling on what he can put his money into an in play the game of the start barking under saleh from from a song standpoint i don't need to be policemen to shit at makes maurice claret get back to a space rogers wasn't functioning very well and i can hear you go you get the dagger arrested i could probably rip off the fafa qassam's igor kima sandra levy listen to those things because he know that aggressive state so for this for the purpose of worm where i'm at right now wanting to be a a look at myself a really ought to be a teacher in to help people in any capacity i can it into lead and teach like i'm just being more intentional and hoping that you know uh as i could see to focus on that i give better and you know a person play yo appreciate no what you said and they helped me i saw so yeah music it it it is an emotional time line and you take that emotional time line and you remove the pieces from it that bring nothing but uh memories or feelings of uh of a more primal thinking zaccheus her of yes sir yes sir how did john foxo asa faucet foxo added that is asked to africa not how does mumand giardi develop themselves y'all main as that's a personal trauma see itself god we all develop ourselves spears how do we do got physical we got business it ought we todd mom bhatia speared together had we develop ourselves what do we do on intentionally to make sure to order doing it in a better to we get better spark as go get you know manage it ask yourself why a hundred times a day i try to ask myself why honored unto day on on a different subject cloth la therapy go under i'm dead utterly view.
"warren buffet" Discussed on Business & Biceps
"Dorothy quite you know just how much entrepreneurship in general with people were taken off now i said when people become comfortable customs is sourcing products in in understanding is that a whole world look i look at the music business caught middle way everything's caught the mental may come out the middleman and people can begin to perceive a alibaba as uh the new ebeid and it becomes a gang changer uh just in mob oatmeal did them or lung added don't believe is going away and just to say hannity get some from china any hosan an answer to learn how to communicate through that through their own they're just they're a great i think is a great deal valued at will bring vital america everywhere rao yummy would ali dorrell is getting smaller to with by alibaba and if you think about alibaba right like nafta right nafta basically took away our ability to manufacture because it's so expensive to manufacture in the united states alibaba gives americans the a bill that he now to go in source things at the same price that people in southeast asia and these other countries that don't have to pay exorbitant amounts are paying right i mean if we wanna make a tshirt in the united states it's going to cost eight bucks if you want to make a tshirt in bangladesh it's going to cost eighty cents why is an american why can get a why can't i go get a tshirt should bangladesh well because of alibaba i can and that's as good as you can talk to it in for those people who don't know how to talk to him in the reason i became uh from more familiar with it was because i was getting worried about a bikes us said a little just go to china in indiana are grabbed a guy who is fluent in mandarin horse doing international train a sit down on today you know for this project alpay you a thousand books and just helped me to navigate but want to sit down with him and understood the though the customs process and you know you understood.
"warren buffet" Discussed on Business & Biceps
"A stock market crash is is this sale on stock that's all it is so if they can crash crash crash it bigot their money out and then when that mother faulkner bottoms out diggle all in so next time you guys see a crash if you're on the sidelines and you have liquid i want you to throw a good portion of your money into the market because that is how the wealthy behave and i'm not saying the wealthy our god but when it comes to financial instruments there is a lot you can learn from their habits it thereby when everyone else's selin straight up grace thakur the discount oh yeah exactly one thing i think i i want to come back to because i think there's going to be warren buffett's names going to be in this title and i think reese i mean i've never met anyone else that's madam um i think that a lot of people would enjoyed that story but if we can come back to that one second i i'd like to say like you spent four to five hours with arguably the best investor maybe that's you know uh ever rid of us invested over the period okay there you go johnny said it so what are other takeaways reese that you walked out that office with is i would say probably i mean a very very small percentage will ever understand what that's like and i think that's what the value is a business and biceps we've all three of us have had crazy interactions with some really top level people in straight up no one else is getting this fucking info anywhere else business him biceps is the only one a got it because i don't know anybody else hang with warren buffett of the night tony robbins is shit so.
"warren buffet" Discussed on Business & Biceps
"And it blows up right and i claim the insurance money that's what they did that's where the money wet and the money came back to them so just disl just just lewis taught me so yeah no no no and i have learned a couple things to john that's why we want to kids john you know we talked about it early on about one to kinda expressed some of this stuff and the other thing is that when it goes down you only lose that if you sell it right like that's when people like you got a phone call you're talking about johnny like did you get out did you get out a crash will know hell no like unique take the loss of you actually get rid of it though a comes back up in usually even more on the plus side wants it corrects itself so it's like people that get scared i realized that the way i invest which is not super high risk it's a longterm thing like i'm just leaving it in there right i mean it's just not you know what i'm saying like by taken out every time somebody gets twisted up well if i quit my business every time it struggled i i would never have a business ether her like that's just the way it works right well yeah i think you i don't want to say having jill it in investing as bad because no see if there is a wave right like we saw the mortgage crisis coming abs in two thousand nine because we knew right everyone knew that you can't give someone who makes thirty thousand dollars a five hundred thousand dollar mortgage because they're gonna go under right but but but the government got involved and george bush said everyone deserves a home so they basically told the banks with it so we could foresee that crisis so in that events you may want to sell some years stock if you see the market is taking for a reason now last week the market was just tanking and then it was up it was schizophrenic okay that that that's all manipulation but mean cory of made this point numerous times on the show the rich get richer when the market crashes they engineer the crash because all.
"warren buffet" Discussed on Business & Biceps
"Sean fosko europe klein of goldman sachs we recommend you put ten million into this financial vehicle and we we think it'll be worth thirteen million in the next two years old really your goldman sachs i trust you i'll do it okay the second i do that they bet against me but they bet twenty million against my ten million that it's going to fail so that my friends that is legal and they control it because they're telling their clients because they have the trust of their clients what to do and then they're betting against that's going to fail will they control if it fails or succeeds how do they control it they control it by the amount of money as an investment house that they have let's say they have eight hundred eighty billion dollars and they want to place a bet against something we'll let me tell you something right now if they want to place a bet against anything they're going to win because the volume is going to outweigh your volume so when all that money went away it was because let's say you're mother worked in a school and her 401 k got destroyed well that school as a whole maybe put twelve million into a fund managed by goldman sachs or an investment else whoa because of lack of regulation they were able to bet against it and ensure that they would win while fucking everyone else in america and the crazy part is deregulation direct that's legal that's fucking legal think about it that's legal i'm going to sell you a cadillac eldorado today and i'm going to tell you it's got ten thousand miles and it's in perfect condition right when you drive and off the lot i know there's a bomb in it.
"warren buffet" Discussed on Business & Biceps
"Always sir muscle klay have you heard deering dan then bst seafood just with south it's big this bad had arkady said had a day that's fine problem what's the i if you y you her for her seafood gifted as way dodgy will need to be a job done via seafood dot com all right so john i know that you quit smoking six i ever smoke and you're eating fast food it because because you quit smoking marlboro reds a jerk if you're warnings will you now that you could get a better a better rate on your life insurance because you went to health iq dot com slash b in be and i think that now to put the six away grow you're gonna your hit your pay wale less for your life insurance burst off you and your home me will just refer to as d to smoke a lot of trees okay here was established that burt your you guys are tree smokers number one so so health iq wants nothing to do with you and yes that rhyme and no i'm not a rapper business asked time we know what we'll do boom so because i don't smoke trees and because i am via a enemy the physical embodiment of l health iq looks immune this can i ensure u s of course you can because you the best life insurance provider in the world because reward hard work and i respect that and health iq dot com is the website you need a visit to get your free quote coraine what is the url john if if you want to see if you qualify you get your free quote today at hull thank you dot com backs last be and be in ah you know mix you mentioned the promo code bnd when you talked in health iq agent.
"warren buffet" Discussed on Business & Biceps
"Epic in that's his impact you have this scholarship you know aren't a story about like i do in ways were it's like i see something and then it's like okay i i may have some money so i can help so i was going to work in miami at our old office and i saw this do on a building right he was out was i was on it was a strip center and he was a roofer on a building and a tow truck pulls up and grabs his car and starch blown his kok this do jumps off the building it was probably about was onestorey i so i don't know amid maybe ten feet he jumps off and first of all that is ours legs fucking broken leg what the fuck any he just hopped right up any sprints to the tow truck driver in an i can walk closer ktsm at what's going on and he's like you can't take my car match you can't take my card with guys like your ten minutes over the guy's a i can be able to pick up my daughter at school the guys like don't matter man your ten in minutes over the tow truck drivers has been a dear just a straight dick is like no i gotta pick up my daughter he anc she can be able to get home and then this this dude is about to like have a panic attack so i walk over its it what's going on as was not the torture goggles who fokker you i said men i just see i just see dispute what's going on and the guy's a he's taken my car man you stick in my cars at how much his car is it for what i sit to get it out two hundred forty bucks okay so i give two hundred forty bucks in this isn't about me given to her forbach's route to joined forty bucks or a pockets i give it to tow truck driver the tow truck driver gets out of car search walking at me amac is this will the fokker really going to cost some shit with me i'm just trying to settle a dispute he hugs me and he starts crying the tow truck driver not the guy he starts crying.
"warren buffet" Discussed on Business & Biceps
"It's over but that's that's it's an afterthought us he is changes the world when you have that kind of money a sman you can wait on the government all day long to pass sixty three billion by the time not sixty three billion arrives in africa to fucking hit people with measles shot so they don't die there's there's half a million dollars left because everyone's got their hand in the mother fucking cookie jar when a man like active sixty three billion dollars to a cause sixty three billion dollars or arrives and it changes the world um and and i think it you know yet nothing it too far off topic but that can be part of the beauty of the american financial system and of the stock market and of wall street because you can take which you worked foreign life and if you learn this game which they will get into a little bit more that is investing in stocks on the unamerican stock exchanges you can have your money work for you and accumulate wealth to a level that you really can influence some serious change and and that's what inspires me what's crazy about it is that that data's poly one of the amine warren at this point like it's not a material thing is as marie saw like he still answering the dollop phone like he no he he doesn't have some crazy office and i've seen this year well documented marie shared with me tune it's like but he's like that challenge of creating the value of burke shire series a and b stock the challenge of like you said move mounds move in the world like even though i've experienced like it on a very very small scale it does make you more motivated because at some point you already know right like the businesses working you're not gonna starve you're still pushing for goals but then when you start really truly impacting other people were.
"warren buffet" Discussed on Business & Biceps
"He says lana comma since it investing by the are one thing hip talk by said just imagine that you have twenty investments in your lifetime and you can only make twenty eight said imagine a rao all holepunchers used his punching holes us out of your investment decisions and he said he look at investing like that he is like as israel sense yummy and in his car which we're talking about earlier with appleby and so and grains out of our culture in there so massive uh and they're built into lifestyle uh that you know you don't see apple going away tomorrow uh because it is that ingrained in a you'd have to be a massive mammoth giant odds it can be nice space and people will see you coming up you know people will save you if you're going to be as big as apple ingrained side of culture are as big as that but you know how to dose it anytime soon all not overly not a value out apple stock what else yeah apple go away anytime soon sabathia so for all you guys out there who are not super super familiar with warren buffett number one key to book read about man his he is it easy true american genius essay numbertwo company berkshire hathaway i just want you guys to understand something okay berkshire hathaway is a holding company of all the companies we just talked about in many more companies these purchase okay they have a shares they have bshares but their a share i want to talk about being quarry of touched on it their a share is their premium share of stock and so when we talk about apple you know apple right now is at one hundred fifty nine dollars a share berkshire hathaway chip a share right today right now is at two hundred and ninety five thousand dollars two hundred ninety five that's for one share of stock two years ago it was a hundred and ninety three thousand dollars two weeks ago it was three hundred and twenty five thousand dollars okay and if you look back said.
"warren buffet" Discussed on Business & Biceps
"I from h z and he was kinda like a guiding light to me in prison a through books uh i just thought it was like you know it was a great deal but just to just the name of story hour out to omaha nebraska play football out there and it was a gentleman but an emma mr joe moakly ah in joe i was the c o forty the amirah tree for about eight years had done very well even through the recession and uh joe had a hunch that he just wanted to get away from and play football and just become the chairman of the bore so joe left in through circumstance joe came to um omaha nebraska n he was the other football coach know joe may you know four five hundred million bucks and then is wanted to coach football which was nuts to me right so how will your were were having a team meeting one day we go into out what is called are they had the cafeteria area and he says he maurice my afterward done in oak you come to the golf course in a no leslie hotel me a story as i do not allow to play golf house like fresh out of prison on your thing about golf right so uh man joe get to the gulf thing we go now to where to eat at in the clubhouse were sitting down in a tell him a story and out when we were done talk of he's like hey you know in a warren buffett and bill gates modi's more guys those more france and i'm like oh shit in us might some heavy france main he was like a you know osce of all wore meet you suck on he was bullish uh beyond which you an artist like okay you know you'll see if war buffet i will meet me so i always knew he lived in overhaul ivana what omar but i will never thing that you know war buffalo take time to be with me um so long behond walk the my apartment of a man caused me up in in from the the initial coal when a picked them a foam in ice echo speak maurice i was like oh an exact lewis was was milk i watched him all charlie rose so much in i usually a you know would you like to come now to my office in a he.
"warren buffet" Discussed on Business & Biceps
"So john i would love to hear meacher while one one on one and reside loved the year the story of how you met warren buffett i think the listeners would love it so going on i i yeah so so on mutual funds on mutual funds are basically a combination of fifty plus stocks in a certain sector so let's take the energy sector right oil and gas power you can invest in a mutual fund that holds let's say that top fifty stocks in one fund and you just put your money in it and basically with that does is it automatically diversifies you right because if uh if it if an darko petroleum which is a a huge company if in darko is down you know uh of ten percent and bp is up seven percent you know that balances each other out so it's typically a safer way to invest your money because you're automatically diversified you don't have to go and investigate and and like maurice talked about studied the annual reports of each of these companies you juice no that hey the energy sector is here to stay and i want to be part of it and this is the safest way to be a part of it and as i'm learning the stock market i want to play it safe then you go into a mutual fund and you pick a sector you feel comfortable with in that is kind of how it works court love it thank you johnny i think that's huge because a lot of people here that term often it really don't realize what it is and i think like these few things that you've already express will help the listeners so much more and um you know maurice talked about how he just read so much of warren buffett's material why he was incarcerated and then resigned think the story of when you got out and got a chance to meet warren is was ethics oh clear out at allfirst on a bus and that a totally believe in uh people being able to attract things to themselves an and i would like to believe that when i was in prison in in our country pierremartin read so much and uh just stood dismantling.
"warren buffet" Discussed on Business & Biceps
"Investing a little bit different right right now my life but what would you say that the average cost starts in in what is his rama reason for starting in the place he does yeah i i i think you know literally the process of starting would be you know we're all on our smartphones so you go in and you find a really comprehensive apps seriously robin hoods great app and a bartender someone is just starting they don't have a lot of income dilixat pay trading fees you don't pay treating views on robben so you download like robin hood and you have access to the full market okay what do i buy what do i invest in you do not miss out what the do not's you do not take the tip from your body who said all of this is going to happen or all my cousin made a million here you eat it yet it clear out all the noise gut an end you look at things that you believe serve a purpose and you look at things that you interact with that serve a purpose and this is generic guys but i i just want to give you just a very simple example you're on your iphone all day right and in that and then you go to your your your makbul pro and then when you go work out you know you putting your air pods okay so so you're interacting with apple is apple guinea give you the best return on the market no but you start with the company like apple because in five years is a company that built such a powerful ecosystem that lives in every corner of your life going to go away in five years no they're not no they're not they have too much enterprise value and their to engrained in your life so i i believe maury said to answer that question i think you start with the company that you know is not going anywhere that you understand right you understand what they do because you interact with this daily is it in.
"warren buffet" Discussed on Business & Biceps
"Twenty six thousand in this the highest or lois or you know what i'm saying like i think that's hugely valuable yeah so so the the the dow jones industrial commonly referred to as the dow is basically the the thirty largest market cap companies on any on the american stock exchange so every year i believe let's say if uh let's say if lg the company that makes tvs let's say if they were the fiftieth and in 20 seventeen they moved up to the twenty nine th largest market cap they would be moved into the dow and what a market cap is it's the value of the outstanding shares that your company has so let's say lg has a hundred million shares of stock available for people like me core maurice the purchase right you to purchase on scott trader td ameritrade or most like robin hood lloyd wright of night uh there's a hundred million shares let's say those shares are worth a hundred bucks right that's ten billion dollars there is that they'd have like a market cap of ten billion dollars that's how that equation works and the dow is the thirty richest companies based on we'll get uh nasdaq is where're tech companies go public and that's where they lists of stuff that it's not always just tech companies but the nasdaq is is typically where you're gonna find any thing uh that's technical that's not traditional um and then you have the new york stock exchange where you're gonna find a lot of your classic investment houses your insurance company.
"warren buffet" Discussed on Business & Biceps
"And if you want to save up to thirty three percent on your life insurance because you super healthy go to health iq dot com back slash be nb end because you're so healthy because you learn so much about investing you should download the robin hood at at biceps dot robin hood dot com and get a free sheriff stock of apple ford or sprint and i want to introduce or cohosts murray's claret and mr john fosko how are you all door day i'm good man more you doing over there optimum happy of an up since ford horn of been working out of jericho i'm happy i walk through the door pumped up not the more to talk about several how to get that money john money miss introduced me like i'm samah you know johnny buffet over here that ain't the case by heart's on our own john hey hey hey if i was johnny buffet i wouldn't be doing this fucking podcast right now okay so no i i just think you know with all the turmoil if you will the last week in the stock market you know the stock market wall street you know for younger people and people who are not engaged in it they they see these headlines on the news they see old the dow very mnoth the dow is an and that's and that's fine must be books while she would donor the nasdaq and nyse up a thousand points down a thousand points and people think that like the economy is drastically changing and i think what i i it at least what i'd like to be able to add today is just just a little context to what goes on when the stock market shifts like that for no apparent reason and all we should start like what the dow is with the nasr like i i really think that there's a lot of value in starting at square one so people understand what does it mean when it's at.
"warren buffet" Discussed on WDRC
"Bit noise fifty percent of entrepreneurs state that they have been success hold due to the fact that they have an entrepreneur as me due to the fact that they are entrepreneurs and at the end of the day they have mental is in the mental i is the most important thing in that is in a quote alex rodriguez said that this is the best advice his mental warren at the gate him according to a recent interview the former player in current baseball broadcaster owes in a bit of a thank you uh this by bob flying an entrepreneur dot com alice rodriguez the foreign major league baseball allstar said he owes a few debts of legendary investor to legendary investor warren buffet in a new uh the entity pierre profile according to a new piece of our on rodriguez in jeddah pas a low pass the former player in current baseball broadcaster not only ills profit a bit of financial thank you but also a thank you for some life advice price rodriguez and the man known as the oracle a mole ma that's a quote first medical waiting to a two divinity thea when profit berkshire hathaway on the road disability insurance for a ten year two hundred fifty two million contract between the taxes ranges in rodriguez the men struck up a friendship after rodriguez them to legendary investor a no thanking him for the on the pond the writing on the deal according to two vanity fair it has been a mentor that's a quote barra riga's in offered him both financial and personnel advice but.
"warren buffet" Discussed on WDRC
"A recent interview the former a player in baseball broadcaster owes vakhid a bit of a thank you uh this by bob drying an entrepreneur dot com alice rodriguez the point a major league baseball allstar said he owes a few guest of legendary investor to legendary investor warren buffet in a new rv entity pierre profile according to a new piece of our on rodriguez in jeddah a low pass the former player in current baseball broadcaster not only owes profit a bit of financial you by the way thank you for some life advice rodriguez in the man known as the oracle a mole ma that's a quote first medical waiting to a two beneath the divinity thea when profit berkshire hathaway on the road disability insurance for a ten year two hundred fifty two million in contract between the texas ragged enrage uh uh the men struck up a friendship after rodriguez sent the legendary investor a no thanking him pull the end the pond the writing on the deal according to two vanity fair buffet has been a mentor that's a quote barra riga's in offered him both financial and personnel advice brought the toll vanity fair has a better they ask use me yes he's made bethany mclane that rodriguez has a cold money mine in knows how to handle business in stick instinctively on a i naively that were nye apologize i quote it's the poor eyesight that i always a wine about i quote a radr re rod a ride would have done very well in business if he had never seen a baseball buffett said rodriguez said at gave him a few pieces of advice uh that have stuck with him either one of the biggest advice i sound advice that i can give you just in one one word it's called confidence it's called composure it seems to be the label will come up with the poet's sees because we have the poor peace whenever you want to be successful in the pull while world number one be polite my listeners are always polite number two pete persistent number three don't procrastinate in number four uh v pace as it does take patients to get to the next level but most people do not have the goals that other people have in the people that have the.