Where the Money Is 03.07.14
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 7 March 2014
⏱️ 25 minutes
🧾️ Download transcript
Summary
Join Motley Fool analysts Matt Koppenheffer and David Hanson as answer three listener-questions, hear the Bear-case for Warren Buffett's company, and finish off the day looking at an insightful price.
Transcript
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| 0:00.0 | It's Friday. What more do you need to know? You're in the right place folks because this is where the money is. |
| 0:10.0 | Welcome to the show. Like I said, it is indeed Friday. I'm Matt Kopenheffer. This is David Hanson. David Heather, our trusted producer, is out of the office today. So we've got a little bit of a special show format. It's still Friday. It's still interview day. |
| 0:26.0 | We've got a great interview today from Mike Olson, who works on our million dollar portfolio product. |
| 0:31.0 | But first, let's do some mailbags. We've got three mailbags here. Let's start off with the first one. This email is from Mark. Mark writes, |
| 0:40.0 | Hey guys, great show. I just bought my first stocks ever. Progressive. I did this based on |
| 0:46.4 | Inside Values recommendation and my own research. They had just paid their dividend and |
| 0:50.9 | their 10K and conference call were going to happen the next day. |
| 0:54.2 | Progressive is now up around 2%. |
| 0:56.3 | I thought their annual report looked good. |
| 0:58.2 | The company seems to be very good at managing risk and I like how they have a slight upper |
| 1:02.4 | hand over other companies |
| 1:03.7 | because they sell directly to the consumer allowing for a higher margin like |
| 1:07.9 | GEICO. I think Progressive definitely has the potential to grow over the next |
| 1:11.8 | few years. What do you guys think |
| 1:14.1 | David what do you think got to applaud him for buying the first stock right yeah |
| 1:18.2 | that's huge that's huge I mean regardless how that turns out that is that is that's a great way to learn by it |
| 1:26.0 | make sure to to record thoughts in an investing journal of some sort know why you |
| 1:30.9 | did it so that you can go back and look at it and evaluate in retrospect but that's a big deal so Mark |
| 1:36.9 | Wait where's our there we go and the inside value we had Joe Magger on a couple weeks ago |
| 1:43.0 | Yeah, a very trusted mind there. |
| 1:45.0 | We're big fans of Inside Value here. |
| 1:46.5 | They've got a lot of financials in that portfolio of recommendations. |
... |
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