Journalist. 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 of running a private equity firm. How do you define leadership . What is it that makes somebody tick . Youve 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 its got a low p ratio, a strong Balance Sheet and has the ability to really withstand the inevitable storms that happen in the stock market. David 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 but Value Investing, as i understand it, is easier done when the markets are down
Us. The senate has approved a foreigner naming 1000000. 00 leave peg is Risky Business is whats your reaction good idea. How not the biggest fan of that by the way larry so good to see you again thank you so much for having me thank you i think there are real problems with that loan program its become a bit of a sieve where that week it keeps spending more and more more money and i have a problem that a lot of the Small Businesses larry that need the money the most are necessarily getting the money we made a big mistake in turning out loan program which is something that i supported outloud for support of steve forbes supported the idea who during a time of crisis you want to give healthy businesses that were healthy and that dont have customers a bridge loan so they can get through this so that when were up and running hopefully very soon that they can they can be up and running and hiring workers what we did was we transform that into a Grant Program so that if you didnt lay off your
Us. The senate has approved to form an 80000000000 dollar leave taggers for Small Businesses whats your reaction good idea. How not the biggest fan of that by the way larry so good to see you again thank you so much for having me thank you i think there are real problems with that loan program its become a bit of a sieve where that week it keeps spending more and more more money and i have a problem that a lot of the Small Businesses larry that need the money the most are necessarily getting the money we made a big mistake in turning out loan program which is something that i supported outloud for support of steve forbes supported the idea who during a time of crisis you want to give healthy businesses that were healthy and that dont have customers a bridge loan so they can get through this so that when were up and running hopefully very soon that they can they can be up and running and hiring workers what we do is we transform that into a Grant Program so that if you didnt lay off you
Us. The senate has approved a former navy 1000000. 00 leave peg is Risky Business is whats your reaction good idea. How not the biggest fan of that by the way larry so good to see you again thank you so much for having me thank you i think there are real problems with that loan program its become a bit of a sieve where that week it keeps spending more and more more money and i have a problem that a lot of the Small Businesses larry that need the money the most are necessarily getting the money we made a big mistake in turning out loan program which is something that i supported laffer supported steve forbes supported the idea who during a time of crisis you want to give healthy businesses that were healthy and that dont have customers a bridge loan so they can get through this so that when were up and running hopefully very soon that they can they can be up and running and hiring workers what we do is we transform that into a Grant Program so that if you didnt lay off your workers the
Road, maybe that is actually not the case. Rolling overs as well. Maybe that is oil. It could just be a sentiment feeling, as well as any sort of Political Risk because of kim jonguns health uncertainty. Lets get to todays market moving news from our team in new york, as well as washington. We want to begin with this meltdown in the oil market. Wti futures plunging below zero for the first time in history yesterday as many storage tanks reached capacity. Brent for delivery in june pushing to the lowest levels since 2002. Annmarie hordern has more. Annmarie what we are really watching today is the number of contracts for wti and brent. Yesterday, the big question was is this just a big technical anomaly. I think what you are seeing today is that this is more widespread. What is showing is what traders have been saying for quite some time. Thething i want to bring up point is the june contract, trading at 16. 69. That is a contract that is not expiring. In 18dropping the most years. You