Tim Strazzini gives Shira a “B+” because he thinks Google will be a short into this.
Grad #3: Tom from the University of North Carolina Kenan Flagler Business School.
Tom started an internet business in 2001 and is a member of UNC's mens championship intramural bowling team. Lets see if he can trade a perfect game tonight.
Here’s the scenario: Warren Buffett's Berkshire Hathaway (BRK.A) announces it is purchasing Sears Holdings (SHLD) and that Eddie Lampert will takeover as CEO of Berkshire in 2008. Buffett will retain the position of chairman. What are you buying, what are you selling as this scenario unfolds?
Tom is selling Well Fargo (WFC) and buying Citigroup (C) because Lampert bought Citi shares. Second, he’s buying homebuilders such as DR Horton (DHI) and KB Homes (KBH) as a value play.
Jeff Macke gives Tom a “B” and says the bigger play would be in the retail sector.