A stock. No matter how enthralled you are with the underlying company, if the rules say sell it, sell, sell, sell, sell, you sell it. One thing ive learned in my investing career, no matter how much you might believe in something, you violate the rules of the road at your own peril. But where the heck do these rules come from . Its not like they were handed down from on high and carved into stone tablets theyre not like the laws of physics. No the rules come from experience and particularly my experience ive spent nearly 40 years in this business. And in that time, you Better Believe ive learned some powerful lessons in many cases i learned them the hard way and because i dont want you to repeat my mistakes, because i do want you to have the benefit of my whole career, tonight i want to lay out some of my most important rules for investing. The stuff i really live by some of the stuff may seem basic, but again, you forget the rules at your own peril. Back at my old hedge fund, i would
Last fall at the education summit, the governors and i agreed to help look for ways to make sure that our kids are ready to learn. The very first day they walk into the classroom. I have made good on that commitment by reporting a record increase in funds, and extra half 1 billion for something near and dear to all of us. [applause] our approach protects the quality of care and peoples choices. It builds on what works today in the private sector to expand employerbased coverage to guarantee private insurance for every american. I might say, employerbased private insurance for every american was proposed 20 years ago by president Richard Nixon to the United States conference. It was a good idea then, and it is a better idea today. [applause] we cut taxes. He cut taxes for 95 of working families. We cut taxes for small businesses. We cut taxes for firsttime homebuyers. We cut taxes for parents trying to care for their children. We cut taxes for 8 million americans paying for college. Wat
Just plain out mandate change. All of these things play a role including on days like today when the dow slid 10 points and the s p climbed 1. 3 and the nasdaq gained. 67 . [ applause ] some change is glacial and therefore uninvestable, but other types of change are swift. And those are the ones you need to find so you can buy their stocks on. Buy, buy, buy with abandon. I love behavior change investing. It could be incredibly lucrative and when you have a behavior change theme you can use selloffs to buy stocks at discount prices that are based on those changes as long as you dont think theyre really fads. Lets start with the obvious one for today, entertainment. How and what people consume and where and when they do it. Today the stocks of traditional Entertainment Companies like disney, time warner 21st century fox, via com, cbs and discovery got annihilated. [ shots fired ] i dont have much more to say about disney later, but suffice it to say now that disney raised questions in th
These storms. Whats harder is the cleanup that follows. Harvey shows people are still good and caring and selfreliant. And people know at some time it may be their turn. Immediate Disaster Response on the federal and local level has been improved. But you dont need psychic friends to tell you that florida will be pummeled again. Our reliance on federal programs incentivizes developers to keep building in flood zones. The National Flood Insurance Program subsidizes policies which you would think would help lowincome victims who are the most of vulnerable. They cant afford to evacuate in most of cases and they cant pay as much as five times more for flood understand which is vastly more expensive than any typical policy. The majority of the guns goes to rebuilding dream house, the expensive homes and its billions of dollars in debt. Government is only good it save peoples lives during storm crises. We are right to ask how far does that obligation extend when we are expected to foot the b
Getting Roger Goodell on board of getting him out and half a significantly below netflix. Dozen on defense but will it all be enough to off he needs to get a majority like set declines in most of disneys businesses, most especially media. Big Bio Tech Companies say it is a two third thirds to get behi if you start to build moment momentum, maybe people can get on board moving well have more on the exactly, here are the things breakthrough and what it means for the company. That gone wrong the last few months and why are we paying him and Roger Goodell on the hot a lot of money it is an extraordinary amount seat his job being challenged by one of money of the most powerful and important owners in the league, right i should be paying a lot of jerry jones and the cowboys. Money too because i have been responsible for the revenue well talk about that more on growth power lunch which starts right hes over seen a real expansion of media revenue for the league the criticism of mr. Roger now.