Everybody needs money. That's why they call it money.

From full global headquarters, this is Motley Fool Money.

That's the Motley Fool Money Radio show. I'm Chris Hill, and joining me in studio this week for Million Dollar Portfolio, Jason Moser, for Million Dollar Portfolio, and Super Nov Amat Argus Singer,

and from Motley Fool Hidden Gems, Chief Investment Officer Andy Cross. Good to see you as always, gentlemen.

Hey, hey. It is our Spring Special episode of Motley Fool Money. We've got an extended interview with Wall Street Journal columnist Jason Swig, and a very special edition of Stocks on Our Radar.

But let's go around the table, guys. Let's start with where we're a quarter of the way into 2016. Jason, rough start to 2016 for investors. When you think back on the first quarter, what's your headlines so far?

I mean, it was nice to see that things kind of snapped back a little bit for us, but the one that just keeps on coming and just draws you in the headlines is valiant.

I mean, I can't really get over just the spade of bad news. They can't get out of their own way. And what strikes me the most about this now that their CEO has been ousted is that somewhere somebody thinks that actually Bill Ackman's the guy that can fix all this.

He's an investor in that's great. But this guy remember, he couldn't figure out JC Penny. So I don't know necessarily what makes him qualified to fix valiance problems. I mean, valiant does have problems. I think they're probably fixable at some point.

I'm not sure that Ackman's got to do that, but just just an amazing fall from Grace from a stock that not too terribly long ago was really performing quite quite well.

On the beauty with having almost 10% of the shares outstanding, you get to set you that's what qualifies me to some degree, which is the beauty of the shareholder model. So yeah, it's really unbattled. I mean, we'll see what he pulls out of his hat as far as he in the board with a new CEO, whatever it is that new CEO has just a monster challenge ahead with when you think about the business model changing the debt loads.

And just the culture changing means it's a totally different business going forward now. Andy, what's your headline for 2016 so far?

Yeah, I agree with Jason. The U shaped for me, it's really the market, the volatility that we saw in January, which is some I mean, a disastrous month for so many investors, not one of our services was up in the month of January. And I think only one or two actually beat the market.

So it was a really tough month for January and now that's basically rebounded. So we see that volatility spiked up, which we saw a little bit last year near the end of December. For me, that's the big story and investors have to be expecting this going forward if they don't or if they can't handle volatility, they really have to think through their investment strategy.

Oil is dead, long live oil. You know, it's less than a month ago. I think we were looking at, you know, $20 oil. That was that's what everyone was talking about. And just the amazing rebound we've seen oil prices are about 50% and now their headlines and say, you know, hey, oils head into $50 or $60 by the summer.

So it's just a reminder to me about how fast sentiment can shift in the market and why avoiding headlines or the so called smart pundits is your best, you know, weapon against being a foolish investor in lowercase.

You're saying that it's nothing but sunny days ahead for the oil and gas industry. I think that's the way things are that's way to the wind has shifted there. Chris, before we start looking ahead to the rest of 2016, Jason, I'll just start with you. What surprised you in the last few months.

So two things, I guess number one and we talked about this on market full of we was just mere cats fall from grace from one year ago, being the darling of South by Southwest to now basically being dead. I mean, they almost they almost don't exist. I mean, they are going to achieve a video streaming.

Yeah, it took live video streaming really that that entire concept was was something that just lit up like a like a flame there. It's out by Southwest last year and just phenomenal really the potential there.

We saw a periscope come from that Facebook is not jumping in that in that market there, but but mere cat really just just you know, dwindled on another show you the value of distribution there and then really I just was really surprised at how much I like Zootopia.

I see so many of those Disney movies where I just think there yeah, they'd be great take the kids and let me find they'll have a good time. I become personally invested in these movies, Chris, and it just to me is wow, like I just Disney Disney is a monster.

Can't be stopped. Any what surprised you so far this year? Well, it's a continuation of the struggle of the hedge funds if you look at the hedge fund industry of the last couple years, they've been just decimated both in performance and now we're seeing hedge funds close up shop the the most rapid pace that we've seen since 2009 and so far in 2016 things haven't really improved.

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