One time fool and buffet follower on in chako bloe here, my favorite buffet ism is, we like things that you don't have to carry out to three decimal places. This is why buffet also says it's far better to buy a wonderful company at a fair price than a fair company at a wonderful price. Newly weds that are truly best friends sometimes don't make it in a stock that seems really obvious after we've done our research,. but the odds are a heak of a lot better than relying on third desmal place thinking.
Big Retail starts to report earnings and the news is good (so far).
(0:21) Jason Moser discusses: - Walmart exceeded lowered expectations for the 2nd quarter - CEO Doug McMillon's comments on the new customers that drove results - Home Depot passing inflation costs onto customers (and not missing a beat) - How the expectations bar has been raised for Target and Lowe's
(13:37) Warren Buffett's quotations hold meaning for investors, regardless of their portfolio size. Alison Southwick and Robert Brokamp and a host of Fool investors share their favorite Buffett quotes and why they're relevant.
Stocks mentioned: WMT, HD, LOW, TGT, BRK.A, BRK.B
Host: Chris Hill Guest: Jason Moser, Alison Southwick, Robert Brokamp, Buck Hartzell, Alyce Lomax, Scott Phillips, Anand Chokkavelu Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl
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