we are joined by rob sechan and bill smead.n the first block we talked about your optimistic outlook for the economy, not necessarily the stock market. as an investor, give us some ideas how you would invest given your outlook. >> our second largest position is in brian homes. the fifth largest home builder. high free cash flow. the stock corrected in the last six months because in the last quarterly report their margins are down. their revenue growth has been substantial. but we are at the beginning of the housing cycle. from pennsylvania to florida and probably the best growth is in north carolina. that's an obvious and direct way. second way is. hataway owns the second largest brokerage, and the railroad. in portland, there was a burlington northern santa fe train heading east. 60% was heading east to build houses. gary: and he has a position in wells fargo. >> the answer is we own 27 companies, and so we are very intensely interested in every one of them. we do own wells fargo. i would put it in the camp of owned companies