jack: what else is brookshire doing.p things and people watching is that they have been dramatically reducing his position apple this year is because i would 50 percent for the apple sales finally be over by brookshire and now it is exactly .000000 shares is something that remember could be the buffett is done la app. jack: any other purchases in the not buying a whole lot of stocks c5 buffett is not fighting much to buy it all brookshire's only brought will be sold hundred billion in this big group big purchase in pico and so this minute so he's really been sitting on santa's not buying stocks not buying businesses will be a lot of cash almost $300 billion. jack: he's not holding something along these combine anything and i don't know if we should be worried about that does not sound super optimistic but thank you for my next guest said that you could be missing out to gains by overlooking stocks filled by index funds and investing legend joining this is next. ) car, this isn't the way home. that's right james, it isn't

he sold half of his position, to be clear, apple is still 30% of brookshire's portfolio.in other words it was up toward 60, he better be selling it, that is too big you never want to stock to be that big, i would argue 30% is too big and it probably ought to be better than ten, 11 or 12% if he really likes it. he put some of the money in his pocket and he said fine i have a big chunk of capital and i still own a lot of apple, what else can i buy especially right now that so many of these names have come down. neil: gentlemen a very balance read on all of this, we will talk later with robert prechter on january warned that we were getting a little too giddy i wonder what he feels like now, the man who really crystallize the whole elliott wave and markets move in sentimental ways is here in person. we look forward to talking to him, i'm happy to talk to him. if you think that the markets are looking to go to alternative investments and few and far between, bitcoin and some of the crypto currency and crypto investments themselves have not been benefiting in the volatile envi

that they are propping up the market was buying commercial paper off the credit qualities such as brookshire hathaway to these corporations, so then you had this incredible explosion and wealth which took place with people where the stock market just surged and took place in the year 2020. it was extraordinary the people were sitting at home and you shut the economy down, but the stock market is surging and all these billionaires who are there are making tons of wealth sitting at homeun because of the amount of moneyin injected into the system is unprecedented. thinking what is happening to capitalism this is an economy and the country of america that i was so optimistic on. i came to this country and i wrote such optimistic things about the country but i saw that the way that capitalism is being distorted and connected with the fact in 2020 that the average american is not feeling satisfied and today here we add 2024 and the top 20% of americans feel that they are doing well. but anyone in the bottom percentage are stressed out in terms of their incomes getting squeezed and by the high infl