One decision stocks... like CISCO in 2000. Check back in 5 years about these one decision stocks.

Great to see an 'old guy' truly getting the tech giants influence power and huge potential, run by very intelligent and driven young people!

Saying you'll never short sell is like saying you'll never sell. In this environment though, "short selling" can make you feel like the stereotypical crotchety old man who says "I remember when coca cola cost a nickel". Dammit Janet.

Wonderful sign of a stock market top and the top of the latest Wall Street fad. Famous short seller talking about "quality", "compounders", and "great management" and how easy it is to simply buy "great companies" and sit. Repeat the Buffett mantra's enough and they become more than priced in. The simple truth is that valuation drives future returns. Regardless of the asset or business. Get Iben back on to sort him out.

Edit after second viewing: Your comments that Donald Trump is "crazy" is the same as calling millions of voters the same. Crazy like a fox. The financial, political and banking communities are scared to death their luxury, power and fraudulent lifestyles are going to end----the whole world is pissed, falling apart everywhere. I would like to think your conservative honest approach is your most important motivation. and character trait, as it matters most! FB produces nothing as digital space on a hard drive is not productive value added anything.

I'll take Warren Harding or Silent Cal ANYDAY over the supposedly great leaders. The idea that those who interfered very little in the economy and didn't get us into wars were somehow deficient as leaders is incredibly offensive to me. Talk with Jim Grant about that. He's proven my point in spades on the economic side with his book on the depression of 1920-21. And the abililty to rack up a high body count shouldn't be the mark of greatness.

I enjoyed Mr Rowe's interview very much, and several of his concepts resonated with me, such as earnings yield instead of PE. This is a refreshing change from the "gloom and doom" of late. One's portfolio has to consider some exit points for positions, otherwise your winning positions may become lost opportunities (Cisco in the late 2000's, Wang and DEC, before then). Overall a great addition to the series!

Mediocre interview at best . . . nothing new, just a conversation

I fell into a coma...

Great interview, thanks guys, keep up the fantastic work.

Grant is an excellent interviewer

Could have sworn grant hinted at shorting FANG at the beginning of the year

I feel like this guy has internalized the message that the guys from the last Le club Video were speaking about, he just has a dry way about being optimistic

Shad is very humble and describes investing as easy. But for every GM there is an AMC, for every Walmart a Sears, for every Apple a Compaq. It is too hard for me to invest in equities at all-time highs in a 1-2 percent growth environment. I may look back in 20 years and kick myself for not loading up on Facebook and Google.

Thanks, a pleasure. Mr. Rowe decided he needed to change to be happier, and he did. Wittgenstein "A depressed man sees a depressed world". My investments should not reflect my mood, or the mood of the world. I will try to be more positive, but keep some powder dry.

Well, well looks like you found another Bull to throw into the mix----and what a dandy! I've seen them all and this one is one of the best. John Burbank, "Apres' 'Deluge", is in this camp as well....John just lit up talking about how great Corporate America leadership was going to be vs the rest of the World. Couple this with Buffet's "if I can't do it here what makes me think I'm going to up my game over there somewhere". Keep it simple....oh my, how utterly erudite. He says he could talk all day with you Grant, well guess what, I could listen to him all day! Thank you Grant and the world's best curator that little devil Milton!

I'm a Texan so I didn't need subtitles but I sure wish that Grant had delved a bit more in what "Shad" might be investing in with new money or perhaps he would have simply invested more in the ones he mentioned.

He has a heavy accent...having difficulties to understand what he says.Subtitles please...

Grant, you told him how great he was so much, he'll get a fat head and blow it. It's obvious he's humble, simple guy who gives off an air of trust-----WAIT----I'm saying how great he is too. Darn I think you're right. Love those Texas T Boone style metaphors. KISS method works well. Love you best!

Talking about how the world goes on and markets generally rise is all well and good but, I sure wish Mr. Rowe would have commented on the systemic and fundamental distortions being introduced by central banks. .

Good

That was some Texas gold.

What a great pleasure this was! I've read about Shad for many decades and had always thought he was an incredibly bright individual. I always wondered what he was like as an individual - this interview showed what the real veteran pro's are like (he is a very likeable person)! thanks.

This man is the salt of the earth :)