00:00Meredith Whitney is with us here. She's CEO of Meredith Whitney Advisory Group.
00:03You've made some big calls on banks, on munis, and your career on Wall Street.
00:07What's your personal approach to investing these days?
00:09I've always been thematic with my part. I didn't own the banks back then, thank goodness,
00:16because I was covering them, and I just felt there was always a conflict of interest.
00:19But I always take long-term, thematic approaches to my investing. So I'll give you a couple of
00:26examples, the winners and the losers. With the housing bill, the affordable housing,
00:3321st century road to housing, I bought Sky, which is Champion Homes, which is a manufactured
00:38home builder. And the idea is they repealed a chassis law. Things would change, that production
00:48would increase dramatically. And manufactured homes are really nice. They're not the manufactured
00:54homes of yesteryear. So I buy that. I've done, I do some frontier investing in terms of with
01:06sort of markets, geographical markets, you mean?
01:09Well, a lot of the Stans, which have very rich rare earth minerals. So a lot of that is going,
01:17SOEs private to public companies. So I know that's sort of esoteric, but those have been good plays,
01:25and the emerging will be bigger plays.
Comments