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Warren Buffett's Selenice Deal Could Be a Game Changer
Warren Buffett is sitting on a big loss right now in Selenice. But I like it and I think this deal can be a game changer. Something interesting about the company is that while it does do industrial chemicals, it's also acetic acid which goes into food and beverage products. So it's interesting that it's falling into the consumer product side as well as the industrial market.
Trey chats with Eddy Elfenbein, a portfolio manager and editor of the blog Crossing Wall Street. They discussed his Buy List for 2022 and reviewed his list for 2023. Eddy's 'Buy List' has beaten the S&P 500 by 102% over the last 17 years.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:08 - How the 2022 list performed during one of the worst stock market years on record.
06:12 - Which five stocks Eddy swapped out for 2023 and why.
20:58 - Which stock performance surprised Eddy the most.
39:07 - An overview of the 2023 list and which stocks the TIP finance tool considers to be the most undervalued.
47:39 - Eddy’s thoughts on the markets.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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