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Motley Fool Hidden Gems Investing

Stocks We're Thankful For

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 25 November 2016

⏱️ 39 minutes

🧾️ Download transcript

Summary

In the spirit of Thanksgiving, our analysts give thanks and help themselves to some humble pie. Best-selling author Dan Heath talks about his book, Decisive: How to Make Better Choices in Life and in Work. And Pawn Stars star Rick Harrison talks about life at the Gold & Silver.   Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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

0:07.0

From full global headquarters, this is Motley Fool Money. It's the Motley Fool Money

0:20.3

radio show. I'm Chris Hellen joining me in studio this week for Million Dollar Portfolio

0:24.1

Jason Moser and from Motley Fool Pro and Options Jeff Fisher. Good to see you as always

0:28.6

gentlemen. Hey Chris. It is our Thanksgiving special. We will give thanks for some stocks.

0:33.5

We will call out a few turkeys. We're going to check in with Rick Harrison, star of the

0:37.3

hit TV show Pond Stars as well as best selling author Dan Hease. But guys, it's our Thanksgiving

0:42.6

special and that means one thing and one thing will yes. It's the sound effect. People

0:49.1

ask how much money does it take to produce Motley Fool Money. Hey, we blew it all on

0:53.9

one sound effect that we play once a year. And Steve is going to make extra use of it

1:00.9

today. I can tell it's been a long year without that sound. It is. We save it up so that

1:05.3

Steve gets to use one sound effect once a year. Let's go around the table. Let's start with

1:10.4

a serving of humble pie. When you think about the last 12 months, a business story that

1:16.4

you were wrong about or a stock that you were wrong about, Jeff Fisher, have a little

1:20.3

humble pie. Oh, this is very humble. In January, I recommended buying call options or a bullish

1:25.4

position on American Airlines. I've never invested in airlines before. So it was a leap

1:29.7

of like not leap of faith. It was a change in thinking, thinking the industry is here to

1:35.3

stay profitable, finally. But by summertime, the position had lost much of its value and

1:42.7

we closed it. We closed it at a loss. The stock was down by 50% or so. Still looked incredibly

1:47.8

cheap. Here we are now a few months later. The stock is all the way back up. It's actually

1:51.3

higher than it used to be. And we get news last week that Warren Buffett is buying it as

1:55.8

well. For the same reasons, we argued back in January. So it's a very painful round

...

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