Can Warren Buffett Help You Win Portfolio Challenge?
Friday's CNBC show--The Million Dollar Portfolio Challenge "How To Win," had a live studio audience and host Carl Quintanilla took questions from contest players. One contestant wanted to know if putting his "bucks" into Berkshire Hathaway , and "letting Warren Buffett do all the work," was a good idea?
The answer from our experts was a resounding "no." The consensus seems to be you need to make around $200,000 a day to win and picks with a high volatility are the key. That's definitely NOT a Warren Buffett type of strategy. Remember--the key to the game is risk.
Also--a question about Starbucks shows the coffee house is NOT percolating on any analyst's radar screen.