The right time now ░░░░░░░░ a high picks that ░░░░░░░░ re doing here with ░░░░░░░░ shine who s that ░░░░░░░░ investment officer a a ░░░░░░░░ wealth management and all ░░░░░░░░ your picks have something ░░░░░░░░ common They are very ░░░░░░░░ Companies in some of ░░░░░░░░ could be the next ░░░░░░░░ dollar titans Amazon already ░░░░░░░░ Eli Lilly could be ░░░░░░░░ first non Tech company ░░░░░░░░ first biotech company and ░░░░░░░░ for Berkshire hathaway if ░░░░░░░░ continue to advance Let ░░░░░░░░ take these one at ░░░░░░░░ time I think Eli ░░░░░░░░ as it s sort ░░░░░░░░ obvious because it plays ░░░░░░░░ I guess you could ░░░░░░░░ it the a of ░░░░░░░░ right It s in ░░░░░░░░ diabetes and weight loss ░░░░░░░░ Is this why you ░░░░░░░░ so bullish on Eli ░░░░░░░░ That s exactly concern ░░░░░░░░ quite some time as ░░░░░░░░ is Eli lilly who ░░░░░░░░ the of biotech and ░░░░░░░░ Quote for include Each ░░░░░░░░ of the reasons why ░░░░░░░░ like it so much ░░░░░░░░ if you look at ░░░░░░░░ total addressable market meaning ░░░░░░░░ a solution for diabetes ░░░░░░░░ loss Oh no The ░░░░░░░░ factor here in there ░░░░░░░░ some positive studies on ░░░░░░░░ sweet in your portfolio ░░░░░░░░ offerings is dementia which ░░░░░░░░ type three diabetes is ░░░░░░░░ re calling the and ░░░░░░░░ researchers is amazing to ░░░░░░░░ if you combine all ░░░░░░░░ those the total dress ░░░░░░░░ the United States that ░░░░░░░░ one hundred and 20 ░░░░░░░░ million Americans that are ░░░░░░░░ by the it s ░░░░░░░░ five billion dollar market ░░░░░░░░ right now could be ░░░░░░░░ over one hundred billion ░░░░░░░░ if you keep following ░░░░░░░░ then you re looking ░░░░░░░░ a trillion dollar mark ░░░░░░░░ quite easily for Eli ░░░░░░░░ and right now standing ░░░░░░░░ around seven hundred billion ░░░░░░░░ How do it to ░░░░░░░░ about You know a ░░░░░░░░ with a company like ░░░░░░░░ That s got so ░░░░░░░░ a great growth prospects ░░░░░░░░ front of it oh ░░░░░░░░ a p a forward ░░░░░░░░ of sixty times at ░░░░░░░░ that a acceptable because ░░░░░░░░ the growth that they ░░░░░░░░ delivering Yeah this is ░░░░░░░░ that category but you ░░░░░░░░ to sort of take ░░░░░░░░ step back and again ░░░░░░░░ at the bigger picture ░░░░░░░░ of multiple were management ░░░░░░░░ doing and whether an ░░░░░░░░ bags is there are ░░░░░░░░ which is the right ░░░░░░░░ to make by investing ░░░░░░░░ a building new facilities ░░░░░░░░ keep up in roof ░░░░░░░░ demand in the future ░░░░░░░░ like what we saw ░░░░░░░░ decade ago with Amazon ░░░░░░░░ wasn t making money ░░░░░░░░ were keeping money in ░░░░░░░░ company the multiples of ░░░░░░░░ or maybe even one ░░░░░░░░ at some point in ░░░░░░░░ with Amazon but they ░░░░░░░░ their eye on the ░░░░░░░░ term Focus of the ░░░░░░░░ term opportunity growth in ░░░░░░░░ what we like about ░░░░░░░░ lilly s with what ░░░░░░░░ did even on the ░░░░░░░░ know the Amazon years ░░░░░░░░ So one could have ░░░░░░░░ the same argument If ░░░░░░░░ will if you like ░░░░░░░░ let s look at ░░░░░░░░ mall or but you ░░░░░░░░ look at the total ░░░░░░░░ What they re going ░░░░░░░░ noteworthy are today Amazon ░░░░░░░░ is at the your ░░░░░░░░ pick It is a ░░░░░░░░ dollar titan here and ░░░░░░░░ again In a stock ░░░░░░░░ certainly has been manage ░░░░░░░░ the long term at ░░░░░░░░ joke is to be ░░░░░░░░ the world s largest ░░░░░░░░ and and then all ░░░░░░░░ and they flipped on ░░░░░░░░ The switch right The ░░░░░░░░ Amazon it s been ░░░░░░░░ multi year efficiency drive ░░░░░░░░ you know there s ░░░░░░░░ years even before last ░░░░░░░░ I mean obviously it ░░░░░░░░ of over 80 percent ░░░░░░░░ trailing 11 and has ░░░░░░░░ to do out of ░░░░░░░░ year as where you ░░░░░░░░ it But even a ░░░░░░░░ years ago it went ░░░░░░░░ a consolidation stood stage ░░░░░░░░ what we like is ░░░░░░░░ always watch the management ░░░░░░░░ If they are being ░░░░░░░░ active and they were ░░░░░░░░ did The lay offs ░░░░░░░░ also sort of readjusted ░░░░░░░░ didn t work and ░░░░░░░░ on what did work ░░░░░░░░ provides confidence russ as ░░░░░░░░ and and we know ░░░░░░░░ term as we re ░░░░░░░░ with companies watch the ░░░░░░░░ teams and are they ░░░░░░░░ proactive about maintaining shareholder ░░░░░░░░ you so that s ░░░░░░░░ have confidence and Amazon ░░░░░░░░ you look at the ░░░░░░░░ I took the tail ░░░░░░░░ of the application layer ░░░░░░░░ and is just getting ░░░░░░░░ inside Amazon So there ░░░░░░░░ a lot of good ░░░░░░░░ there even though to ░░░░░░░░ day again you to ░░░░░░░░ them long term a ░░░░░░░░ with companies I have ░░░░░░░░ great candle and vision ░░░░░░░░ the future Or it ░░░░░░░░ one of those magnificent ░░░░░░░░ and though that has ░░░░░░░░ reclaimed and broken out ░░░░░░░░ previous highs Do you ░░░░░░░░ a I as the ░░░░░░░░ to to power and ░░░░░░░░ uncharted territory Absolutely and ░░░░░░░░ s what you like ░░░░░░░░ we re not chasing ░░░░░░░░ center for to do ░░░░░░░░ to because we re ░░░░░░░░ at it again Will ░░░░░░░░ talked about earlier those ░░░░░░░░ still have value remaining ░░░░░░░░ if you own it ░░░░░░░░ in a hold it ░░░░░░░░ in if you don ░░░░░░░░ own it now the ░░░░░░░░ to take a look ░░░░░░░░ something like an Amazon ░░░░░░░░ put it in your ░░░░░░░░ For the long term ░░░░░░░░ Berkshire is your third ░░░░░░░░ also in the running ░░░░░░░░ become a trillion dollar ░░░░░░░░ a titan perhaps closer ░░░░░░░░ lily It s around ░░░░░░░░ hundred billion market cap ░░░░░░░░ this is kind of ░░░░░░░░ at the anti I ░░░░░░░░ I love it here ░░░░░░░░ we ve we been ░░░░░░░░ long term shareholder for ░░░░░░░░ hathaway again the late ░░░░░░░░ Charlie munger passed away ░░░░░░░░ last year just early ░░░░░░░░ year and and we ░░░░░░░░ got succession planning on ░░░░░░░░ mine with regards to ░░░░░░░░ Warren buffets ultimately long ░░░░░░░░ thought processes here but ░░░░░░░░ s a diversified basket ░░░░░░░░ America I mean you ░░░░░░░░ industrials in there You ░░░░░░░░ have insurance insurance was ░░░░░░░░ of the biggest drivers ░░░░░░░░ profitability for them as ░░░░░░░░ as financials and obviously ░░░░░░░░ ve got all good ░░░░░░░░ like sees gain any ░░░░░░░░ a few others which ░░░░░░░░ the heartbeat of America ░░░░░░░░ the American consumer and ░░░░░░░░ s a big strong ░░░░░░░░ but even if America ░░░░░░░░ or the u s ░░░░░░░░ down you still have ░░░░░░░░ Why we love Berkshire ░░░░░░░░ is a hundred and ░░░░░░░░ seven billion dollars in ░░░░░░░░ work just to go ░░░░░░░░ opportunities Mergers acquisitions or ░░░░░░░░ reinvest and a lot ░░░░░░░░ companies are we talked ░░░░░░░░ also have cash on ░░░░░░░░ If markets pullback they ░░░░░░░░ go out and buy ░░░░░░░░ own companies back So ░░░░░░░░ s it s a ░░░░░░░░ purchase of their own ░░░░░░░░ across the board of ░░░░░░░░ as to be five ░░░░░░░░ and that s where ░░░░░░░░ market s going to ░░░░░░░░ to stay strong as ░░░░░░░░ share buybacks like a ░░░░░░░░ athletes Way though do ░░░░░░░░ I ve done many ░░░░░░░░ in Amazon s own ░░░░░░░░ fourth one doesn t ░░░░░░░░ you that neighbor they ░░░░░░░░ being as a buffet ░░░░░░░░ basically saying There s ░░░░░░░░ large scale emanate that ░░░░░░░░ we can do and ░░░░░░░░ it bother you that ░░░░░░░░ s not part of ░░░░░░░░ story Yeah but Warren ░░░░░░░░ hangs out in waves ░░░░░░░░ is extremely patient and ░░░░░░░░ sticks to what he ░░░░░░░░ what he likes and ░░░░░░░░ he he s a ░░░░░░░░ leave of the greatest ░░░░░░░░ of all time Arguably ░░░░░░░░ a it s a ░░░░░░░░ to patients and that ░░░░░░░░ with investors really take ░░░░░░░░ from here We carry ░░░░░░░░ all kinds in the ░░░░░░░░ right we put it ░░░░░░░░ short term Money markets ░░░░░░░░ making us the some ░░░░░░░░ rate of return announce ░░░░░░░░ over five percent but ░░░░░░░░ we wait for strategic ░░░░░░░░ in any given year ░░░░░░░░ markets pullback by five ░░░░░░░░ 10 percent in a ░░░░░░░░ healthy bull market which ░░░░░░░░ believe or in and ░░░░░░░░ let s say the ░░░░░░░░ makes a misstep or ░░░░░░░░ geopolitical event and then ░░░░░░░░ can use that cash ░░░░░░░░ play it on high ░░░░░░░░ companies that 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