-- Even after the recent run up there is still lot of value he is coming across.
-- No one can predict where the market will go in the short run and recommends focusing on fundamental value of businesses to find investments.
-- Where he is finding value: finding more value in large tech companies like Microsoft (MSFT), where you are getting 10% cash flow yield and he doesn't understand why people want to pay such high valuation for Amazon (AMZN).
-- Electronic traders will be gone in next three years.
-- Retail investor is entering the market now but most of that money is flowing in bond funds and that is where the trouble will be and losses will be incurred.
-- Stocks are much cheaper vs. bonds.
Source and Credit: www.bloomberg.com, Bloomberg
Here is the video:
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