We study billionaires and this is episode 118 of the Investors Podcast.

Broadcasting from Bel Air, Maryland. This is the Investors Podcast.

They'll read the books and summarize the lessons. Don't test the waters. Tell you what it's called.

They'll give you actionable investing strategies.

Your host Preston Pish and Sting Broderson.

Hey, how you all doing out there? This is Preston Pish and I'm your host for the Investors Podcast.

And as usual, I'm a company by my co-host Sting Broderson, out in Seoul, South Korea.

And today we are accompanied by our good friends in the mastermind group.

We got Pari Ramachandra, who's with us. He's out in Silicon Valley.

He runs bitsbusiness.com. He's also an executive over at LinkedIn.

And we have Toby Carr-Low. He's from Carbon Beach Asset Management.

He acquires multiple author of deep value.

Toby, great to have you here with us. Hari, great to have you here with us.

We don't have Colin with us this week. He ran into a little bit of a scheduling conflict.

But he'll be with us next quarter's mastermind meeting.

And so we're here to talk about the fourth quarter and what's changing.

I think there's probably a lot for us to discuss here.

So I'm just going to open it up to the group and see if anybody has something that they want to say to kick things off.

Yeah, so one thing that was really surprising to me here in Q4 of 2016,

that was Warren Buffett's latest purchase in the airline industry.

And I guess for everyone that's been following Warren Buffett for some time,

you would say that Warren Buffett and airlines that really doesn't make any sense.

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