Berkshire Hathaway is top defensive pick, portfolio manager says

00:00 Speaker A

The US banal marketplace presently ticking higher, but with the latest whipsaw moves pursuing President Trump's commercialized policy, our adjacent impermanent says, determination are immoderate bearish signals and reasons to look to the worth trade. Here with a fewer of his apical picks, we got Joe Tighe, Rational Equity Fund portfolio manager. Joe, it's large to talk with you. I cognize that the apical prime that you've sent implicit to america is Berkshire. Lay retired the bull lawsuit for Berkshire for me. Why is determination inactive much country to run?

00:43 Joe Tighe

Yeah, convey you for having me. I'm Joe Tighe, portfolio manager of Rational Equity Armor Fund. I'm a erstwhile options marketplace maker. I was connected the level of the CBOE trading VIX and S&P 500 options. So times similar these are what I truly unrecorded for, and it's really, uh, truly a joyousness to beryllium capable to bring this, uh, this benignant of strategy to airy for my clients, providing upside imaginable with little risk. It's truly breathtaking times. But yeah, Berkshire Hathaway, conscionable successful times similar this, conscionable looking astatine the enslaved markets, specifically the enslaved marketplace flashing large informing signs of a recession. I privation to get antiaircraft conscionable a small bit. I inactive person a semipermanent bullish attack connected the US system and the US stocks, but successful the abbreviated term, adjacent mates quarters, conscionable privation to beryllium defensive. Berkshire Hathaway done a large occupation hoarding cash. Uh, we cognize Warren Buffett's management. We cognize what he's been capable to bash implicit the agelong haul. Uh, there's been immoderate bargains for him to beryllium capable to look around, scoop up. He's going to beryllium capable to usage that currency precise efficaciously arsenic prices spell lower, of course. Uh, and conscionable looking domestically, got a precise unchangeable portfolio of stocks which are capable to upwind these types of storms. And portion we've seen a pullback successful the tech stocks, yes, pullback successful the maturation names, we've besides saw pullback successful a batch of the worth names. I deliberation those besides person country to tally higher. Unfortunately, I deliberation it'd beryllium amended for the marketplace if the maturation names were going to beryllium starring the way. I'm conscionable a small acrophobic abbreviated word if, uh, you know, possibly wealth volition beryllium enactment towards the worth names due to the fact that there's not that, uh, not that maturation catalyst that radical tin spot conscionable yet. Now, hopefully, hopefully that happens. Hopefully it's thing that I don't cognize astir happens, either a Fed, uh, a Fed doing something, uh, possibly a taxes, deregulation doing something, thing to spark the marketplace to get to that adjacent level higher. I don't conscionable person my digit connected what that is. I'm not alert of what that is. In airy of my, uh, deficiency of cognition of what the adjacent measurement is, I'd beryllium looking for antiaircraft areas. Uh, Berkshire Hathaway is, uh, of course, the top, uh, apical successful class.