1 00:00:00,040 --> 00:00:03,600 Speaker 1: An illegal alien from Guatemala charged with raping a child 2 00:00:03,680 --> 00:00:07,480 Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador 3 00:00:07,720 --> 00:00:11,840 Speaker 1: accused of murdering a Texas man of Venezuelan charged with 4 00:00:11,920 --> 00:00:15,840 Speaker 1: filming and selling child pornography in Michigan. These are just 5 00:00:15,920 --> 00:00:19,680 Speaker 1: some of the heinous migrant criminals caught because of President 6 00:00:19,720 --> 00:00:23,320 Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States 7 00:00:23,320 --> 00:00:28,120 Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border 8 00:00:28,160 --> 00:00:31,680 Speaker 1: crossings are at the lowest levels ever recorded, and over 9 00:00:31,760 --> 00:00:34,960 Speaker 1: one hundred thousand illegal aliens have been arrested. If you 10 00:00:35,040 --> 00:00:38,920 Speaker 1: are here illegally, your next you will be fined nearly 11 00:00:39,000 --> 00:00:43,000 Speaker 1: one thousand dollars a day, imprisoned, and deported. You will 12 00:00:43,040 --> 00:00:46,680 Speaker 1: never return. But if you register using our CBP home 13 00:00:46,720 --> 00:00:50,120 Speaker 1: app and leave now, you could be allowed to return legally. 14 00:00:50,479 --> 00:00:55,240 Speaker 1: Do what's right. Leave now. Under President Trump, America's laws, 15 00:00:55,400 --> 00:00:57,840 Speaker 1: border and families will be protected. 16 00:00:57,920 --> 00:01:00,000 Speaker 2: Sponsored by the United States Department of Homeland Security. 17 00:01:00,240 --> 00:01:03,120 Speaker 3: Before we bring on our guess, let's talk about this quickly. 18 00:01:03,880 --> 00:01:08,760 Speaker 3: Warren Buffett Berkshire half away as a record breaking stockpile 19 00:01:09,080 --> 00:01:11,840 Speaker 3: cash pile of one hundred and fifty seven billion dollars 20 00:01:13,240 --> 00:01:15,880 Speaker 3: tremendous amount of money they've They've sold off for a 21 00:01:15,880 --> 00:01:20,360 Speaker 3: lot of their positions in stock, and they are hoarding 22 00:01:20,480 --> 00:01:24,880 Speaker 3: cash right now. So what does this mean? Does this 23 00:01:25,040 --> 00:01:29,600 Speaker 3: signal something in the economy or is this this regular protocol? 24 00:01:30,000 --> 00:01:32,840 Speaker 3: Should people you know take note of this? 25 00:01:33,720 --> 00:01:34,039 Speaker 2: Yes? 26 00:01:34,080 --> 00:01:36,200 Speaker 4: Absolutely, I love this post that you made. Number one. 27 00:01:36,760 --> 00:01:39,479 Speaker 4: When you see a famed investor in a person as 28 00:01:39,480 --> 00:01:42,840 Speaker 4: wealthy as Warren have that much cash in their company, 29 00:01:43,440 --> 00:01:45,720 Speaker 4: it is a sign that there are not many assets 30 00:01:45,720 --> 00:01:49,440 Speaker 4: that are investable at this time. Commercial real estate bubbles 31 00:01:49,440 --> 00:01:51,960 Speaker 4: about the pop. San Francisco has a huge issue that 32 00:01:52,000 --> 00:01:54,760 Speaker 4: needs to be fixed. And I don't know if San 33 00:01:54,800 --> 00:01:57,840 Speaker 4: Francisco needs to declare bankruptcy, but the value of those 34 00:01:57,880 --> 00:02:00,400 Speaker 4: buildings are not worth what everyone says they are, and 35 00:02:00,400 --> 00:02:04,600 Speaker 4: they have a huge homeless issue. And also when the 36 00:02:04,640 --> 00:02:08,720 Speaker 4: bubble dust pop, you need money to deploy. Like things 37 00:02:08,760 --> 00:02:11,080 Speaker 4: really happen in a seven to ten year cycle. I 38 00:02:11,120 --> 00:02:13,520 Speaker 4: know because we do the show weekly something and we 39 00:02:13,520 --> 00:02:15,760 Speaker 4: hear the new cycle. People get so concerned about missing 40 00:02:15,800 --> 00:02:20,280 Speaker 4: an opportunity. You have to catch the macro opportunity, not 41 00:02:20,400 --> 00:02:24,600 Speaker 4: the micro. So if I bought a billion for building 42 00:02:24,639 --> 00:02:28,119 Speaker 4: for seven billion dollars and it's only worth three. 43 00:02:27,919 --> 00:02:29,840 Speaker 2: I either have to give the keys back or go to. 44 00:02:29,800 --> 00:02:33,920 Speaker 4: The bank to restructure. That's all of San Fran Shout 45 00:02:33,919 --> 00:02:35,600 Speaker 4: out table. I was talking to this earlier. Everybody in 46 00:02:35,600 --> 00:02:38,720 Speaker 4: New Jersey, in New York is running to Indiana and 47 00:02:38,800 --> 00:02:41,920 Speaker 4: Chicago and Pennsylvania and Florida. Y'are driving the prices up 48 00:02:41,960 --> 00:02:44,880 Speaker 4: everything right, at some point if we don't do a 49 00:02:44,880 --> 00:02:47,160 Speaker 4: massive debt restructure, and we're going to have a collapse. 50 00:02:47,560 --> 00:02:50,000 Speaker 4: And when that collapse happens, you're going to see Warren 51 00:02:50,000 --> 00:02:52,880 Speaker 4: and Charlie aggressively goal shop. They gonna do like Michael Jackson, 52 00:02:53,000 --> 00:02:55,880 Speaker 4: I want this one. I want this one. He's gonna 53 00:02:55,880 --> 00:02:58,680 Speaker 4: pick every asset class to buy in at the right price. 54 00:02:58,680 --> 00:03:01,160 Speaker 4: And this is why I always say, when you're just 55 00:03:01,240 --> 00:03:04,360 Speaker 4: buying at any price because of a hype cycle, see 56 00:03:04,400 --> 00:03:08,440 Speaker 4: what drunken Miller is doing. Part Truder, Jones, Waren, Buffett, Blackrock. 57 00:03:08,560 --> 00:03:12,280 Speaker 4: They run the world right at State Street. If they're 58 00:03:12,280 --> 00:03:14,520 Speaker 4: not buying aggressively, it's not the time to buy, so 59 00:03:14,600 --> 00:03:14,960 Speaker 4: he is. 60 00:03:16,320 --> 00:03:18,560 Speaker 5: This episode is brought to you by P and C Bank. 61 00:03:18,960 --> 00:03:21,720 Speaker 5: A lot of people think podcasts about work are boring 62 00:03:21,919 --> 00:03:25,760 Speaker 5: and sure, they definitely can be, but understanding a professionals 63 00:03:25,880 --> 00:03:29,120 Speaker 5: routine shows us how they achieve their success, little by little, 64 00:03:29,480 --> 00:03:31,440 Speaker 5: day after day. 65 00:03:31,520 --> 00:03:33,160 Speaker 2: It's like banking with P and C Bank. 66 00:03:33,600 --> 00:03:36,440 Speaker 5: It might seem boring to save, plan and make calculated 67 00:03:36,440 --> 00:03:39,560 Speaker 5: decisions with your bank, but keeping your money boring is 68 00:03:39,560 --> 00:03:42,920 Speaker 5: what helps you live or more happily fulfilled life. 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It's not just about payments, it's about 88 00:04:43,160 --> 00:04:45,560 Speaker 5: giving you time back so you can focus on what 89 00:04:45,760 --> 00:04:49,400 Speaker 5: matters most ready. To see how Square can transform your business, 90 00:04:49,680 --> 00:04:54,320 Speaker 5: visit Square dot com backslash go backslash eyl to learn 91 00:04:54,360 --> 00:04:59,560 Speaker 5: more that Square dot Com backslash, go backslash eyl, don't wait, 92 00:05:00,000 --> 00:05:02,560 Speaker 5: I don't hesitate. Let's Square handle the back end so 93 00:05:02,600 --> 00:05:05,760 Speaker 5: you can keep pushing your vision forward. 94 00:05:06,600 --> 00:05:10,200 Speaker 1: An illegal alien from Guatemala charged with raping a child 95 00:05:10,279 --> 00:05:14,080 Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador 96 00:05:14,320 --> 00:05:18,440 Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with 97 00:05:18,520 --> 00:05:22,400 Speaker 1: filming and selling child pornography in Michigan. These are just 98 00:05:22,520 --> 00:05:26,279 Speaker 1: some of the heinous migrant criminals caught because of President 99 00:05:26,320 --> 00:05:29,920 Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States 100 00:05:29,920 --> 00:05:34,719 Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border 101 00:05:34,760 --> 00:05:38,279 Speaker 1: crossings are at the lowest levels ever recorded, and over 102 00:05:38,360 --> 00:05:41,560 Speaker 1: one hundred thousand illegal aliens have been arrested. If you 103 00:05:41,640 --> 00:05:45,479 Speaker 1: are here illegally, your next you will be fined nearly 104 00:05:45,600 --> 00:05:49,600 Speaker 1: one thousand dollars a day, imprisoned and deported, you will 105 00:05:49,640 --> 00:05:53,279 Speaker 1: never return. But if you register using our CBP home 106 00:05:53,320 --> 00:05:56,719 Speaker 1: app and leave now, you could be allowed to return legally. 107 00:05:57,080 --> 00:06:01,800 Speaker 1: Do what's right. Leave now? Is it in Trump America's laws, 108 00:06:02,000 --> 00:06:04,400 Speaker 1: border and families will be protected. 109 00:06:04,560 --> 00:06:06,640 Speaker 2: Sponsored by the United States de Market of Homeland Security. 110 00:06:06,640 --> 00:06:08,880 Speaker 4: It's getting his war chests ready for one of these 111 00:06:08,880 --> 00:06:10,920 Speaker 4: amazing opportunities come and I'm doing the same thing, and 112 00:06:11,000 --> 00:06:11,560 Speaker 4: I cannot wait. 113 00:06:13,480 --> 00:06:16,719 Speaker 3: Yeah, for sure, always prepare for a rainy day because 114 00:06:16,720 --> 00:06:21,360 Speaker 3: it's always going to rain, that's absolutely, But you can 115 00:06:21,680 --> 00:06:23,479 Speaker 3: reap the harvest of it if you have seeds that 116 00:06:23,520 --> 00:06:25,919 Speaker 3: you can plan into the ground. But if you're not prepared, 117 00:06:25,960 --> 00:06:28,520 Speaker 3: then you're just going to get, you know, drenched. So 118 00:06:29,120 --> 00:06:31,520 Speaker 3: I think it's important to definitely take heat when you 119 00:06:31,560 --> 00:06:35,719 Speaker 3: see people like that starting to just hoard cash. It's 120 00:06:35,760 --> 00:06:38,280 Speaker 3: not done for It's done. 121 00:06:38,040 --> 00:06:38,520 Speaker 2: For a reason. 122 00:06:38,600 --> 00:06:41,400 Speaker 3: It's not just done out of accidents. It's actually, you know, 123 00:06:41,480 --> 00:06:43,080 Speaker 3: a strategic plan that's put in place, so. 124 00:06:43,480 --> 00:06:46,400 Speaker 5: And you know, I would also add, especially for like 125 00:06:46,400 --> 00:06:49,599 Speaker 5: Warren Buffett, look at the travel tendencies. Where are they traveling, 126 00:06:50,160 --> 00:06:52,279 Speaker 5: what parts of the world. Are they going to? What 127 00:06:52,320 --> 00:06:55,599 Speaker 5: are the thriving economies inside those places that they travel? 128 00:06:55,880 --> 00:06:57,920 Speaker 5: We saw I'm going to China. He talked about Taiwan 129 00:06:57,880 --> 00:07:00,240 Speaker 5: when he was there, he talked about Semis. They have 130 00:07:00,279 --> 00:07:02,520 Speaker 5: a horde of cash. Where is the next place that 131 00:07:02,560 --> 00:07:04,560 Speaker 5: they're looking for? Look at where they're traveling, Look at 132 00:07:04,560 --> 00:07:07,359 Speaker 5: what the geopolitical climate is there. Look what the industries 133 00:07:07,400 --> 00:07:10,200 Speaker 5: that dominating those areas are. Because He's always looking for 134 00:07:10,240 --> 00:07:11,600 Speaker 5: the next thing throughout the world. 135 00:07:11,840 --> 00:07:14,080 Speaker 4: And since I'm in a classic room, at some point 136 00:07:14,080 --> 00:07:15,920 Speaker 4: we got to talk about me getting an award for 137 00:07:16,640 --> 00:07:19,080 Speaker 4: coming up with the two tech two index. And I 138 00:07:19,160 --> 00:07:21,520 Speaker 4: put you all onto this before Buffett got in it. 139 00:07:21,840 --> 00:07:24,960 Speaker 4: Fifty one percent of its portfolio is an Apple. Apple 140 00:07:25,120 --> 00:07:29,000 Speaker 4: is the accelerator safety marker. And I'll performing bonds by 141 00:07:29,080 --> 00:07:32,320 Speaker 4: rashod if we sat here in twenty twenty and I'm like, listen, 142 00:07:32,480 --> 00:07:34,760 Speaker 4: Apple's going to replace the Bob market. Like you and 143 00:07:34,800 --> 00:07:35,720 Speaker 4: the director. 144 00:07:35,680 --> 00:07:39,080 Speaker 2: Get out of here, and here we are in the chair. 145 00:07:40,080 --> 00:07:42,920 Speaker 4: Here we are. Oh my god, I never thought I 146 00:07:42,920 --> 00:07:46,760 Speaker 4: would see today. But when you and I was talking 147 00:07:46,760 --> 00:07:50,040 Speaker 4: to stock Club about this, the best empires are built 148 00:07:50,360 --> 00:07:54,040 Speaker 4: when you are able to over deliver or result while 149 00:07:54,080 --> 00:07:57,120 Speaker 4: everyone's promising huge returns and if you miss those marks, 150 00:07:57,400 --> 00:08:01,600 Speaker 4: Apple's been a beacon of safety for twelve or thirteen years. Now, 151 00:08:02,520 --> 00:08:05,840 Speaker 4: invest in the companies and opportunities that will provide you safety. 152 00:08:06,240 --> 00:08:08,840 Speaker 4: No one's going to get you five seven hundred percent 153 00:08:09,920 --> 00:08:13,920 Speaker 4: just because. So if I made you money, please put 154 00:08:14,000 --> 00:08:15,360 Speaker 4: yes in check, because there's not a lot of people 155 00:08:15,480 --> 00:08:17,480 Speaker 4: I'm making people money out here, and I'm going to 156 00:08:17,480 --> 00:08:18,040 Speaker 4: be clear on that. 157 00:08:19,240 --> 00:08:21,400 Speaker 3: Okay, let's be clear on that. 158 00:08:21,520 --> 00:08:25,200 Speaker 1: An illegal alien from Guatemala charged with raping a child 159 00:08:25,200 --> 00:08:29,000 Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador 160 00:08:29,240 --> 00:08:33,400 Speaker 1: accused of murdering a Texas man of Venezuelan charged with 161 00:08:33,440 --> 00:08:37,360 Speaker 1: filming and selling child pornography in Michigan. These are just 162 00:08:37,440 --> 00:08:41,160 Speaker 1: some of the heinous migrant criminals caught because of President 163 00:08:41,240 --> 00:08:44,840 Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States 164 00:08:44,840 --> 00:08:49,640 Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border 165 00:08:49,679 --> 00:08:53,240 Speaker 1: crossings are at the lowest levels ever recorded, and over 166 00:08:53,280 --> 00:08:56,480 Speaker 1: one hundred thousand illegal aliens have been arrested. If you 167 00:08:56,559 --> 00:09:00,439 Speaker 1: were here illegally, your next you will be fine nearly 168 00:09:00,520 --> 00:09:04,520 Speaker 1: one thousand dollars a day. Imprisoned and deported, you will 169 00:09:04,559 --> 00:09:08,200 Speaker 1: never return. But if you register using our CBP home 170 00:09:08,240 --> 00:09:11,640 Speaker 1: app and leave now, you could be allowed to return legally. 171 00:09:12,000 --> 00:09:16,720 Speaker 1: Do what's right. Leave now. Under President Trump America's laws, 172 00:09:16,920 --> 00:09:19,360 Speaker 1: border and families will be protected. 173 00:09:19,440 --> 00:09:21,600 Speaker 2: Sponsored by the United States Department of Homeland Security,