David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i have a day job running a private equity firm. How do you define leadership . What is it that makes somebody tick . So you have been doing Value Investing for 36 years. What is a Value Investor . John a Value Investor is someone who is looking for bargains. Were trying to find stocks that are selling at a 40 discount to what we think their private market value is. We want to make sure it has a low p e ratio, a strong balance sheet, and has the ability to really withstand the inevitable storms that happen in the stock market. David now, Warren Buffett , is he a Value Investor . John he is the greatest Value Investor of all time. Sometimes people talk about whether Michael Jordan is better than lebron james . There is no question when it comes to investing that warren is the best ever. David ok, but Value Investing, as i understa
Physics. Foreign language classes, you can graduate from college speaking four languages. You can get a phd in early modern literature. Did you know john milton lost political pamphlets. They teach that in school if you get enough education you know the one thing they almost never teach in middle school and high school, say nothing of College Financial literacy and im not talking about economics here you can be an econ major and know nothing about personal financial planning, retirement readiness, let on how to invest your money wisely. Money is not talked about. Its almost like its a third rail of American Education youre 1,000 times more likely to read dos, an important book, good economists but not going to show you how to balance a checkbook, let alone manage a portfolio of stocks. Financial literacy the third rail and thats why im on a Constant Mission to teach you how to manage your money so you can be a better investor. I want you to make more money. Think of it as continue educ
We should also note that yield curves around the world are feeling the pressure as well we did have on friday the german bund, the 10year, falling to its lowest level ever. As for the asian markets, the nikkei down by 1. 75 hang seng also pressured by what is going on in hong kong in terms of the protests there, down 3 . Shaun hi shanghai down 1. 6 in europe, red arrows across the board. Dax is down 1. 35 . Ftse down, as well we have a stronger dollar against the major currencies weaker crude, wti down 0. 7 . Brent down 0. 75 . Couple safe haven trades working this morning, gold prices are up. They actually have been on a great run. They were under 1300 about two months ago you see them up only slightly, little less than 1 , probably because they had been so strong lately not a lot of oomph year. Bitcoin also getting a little bit of a boost right here. Obviously, a lot of capital and motion across borders. That could help the sentiment toward bitcoin you see it up 7 at 11,750 lets talk
From the Administration Last week. You period potus, President Trump, they could wait until after 2020, to possibly sign a deal with the u. S. Larry kudlow says dont expect any grand bargain this week. The first facetoface with the g20. Robert lighthizer along with steve much, treasury secretary. They are in shanghai and talking to their opponents on the chinese side. What is expected theyre looking to get tax back to where they were at the end of may, before all of this broke down. And four areas of discussion including huawei. Right now we have a general reprieve for huawei. 90 days at least for all u. S. Companies that supply to huawei. I guess well get more details on that, trying to buying up more u. S. Agriculture, namely in soybeans. Intellectual property protection, a lot of u. S. Companies are calling for. Ending china state subsidies. That will be dependent in terms of how far china is willing to go. How far the u. S. Is willing to go. We do have u. S. Trade goods from china.
Investor, or better client i do it with a spectacular team of people headed by any executive producer regina whos ha been with me since inception. With dozen of fabulous people responsible for everything from all the look and feel of the show to the research, we have a team that helps me with memos that back up the research. And we have a head writer who is really our only writer, has been our only writer since inception, when he was a freshman in high school, cliff mason. My sister nan and her husband todds son, my never yu. My show after years and year has become a labor of love weve been doing it to so darn long, we take it for grant what had we do. Im going to change that, im going to correct 2 iit tonight i want to talk to you about the show, its evolution, and how you can use it or worst miss use it. There is so much we throw at you that you might not be able to use it as effectively as we would like i know this because i talk to enough people about the show and interact with eno