• When to see a position when you don’t believe in actions of certain 
    • Direct tv example
  • Zest technologies talk
  • There is a fiduciary role that a manager must play
    • Half the ability to understand a company and be able to talk with leadership with in firms and businesses is so important
    • How active and involved do you want to be in an investment?
  • Warren Buffet doesn’t talk to executive management teams
  • At what level do you get involved in your investments to make sure its working hard for you?
    • Some people do not care
  • Investors are focused more on buying indexes because they are “cheap”
  • Of the top 50 stocks: 48.4% of the S&P 500
    • 500 stocks sitting there as part of the overall index
  • FAANG stocks have very large valuations and can cause extra risk
  • You get what you buy
  • Can you put a value on what you own and why you own it?

April 5, 2018