Sean, what if Trump is so good, gets the tax law passed and generally keeps GDP going? What will happen to out positions?

1) GDP can't pick up fast enough to catch up to the overly-inflated stock prices. So stock prices must come back down in line with corporate earnings. 2) Many of our biggest companies have a good chunk of their growth overseas. So it's not just about U.S. GDP but how well things are going overseas as well. The positions we've picked will be just fine long-term. A corporations' fundamentals is what matters. Buffett never buys or doesn't buy based off of the economy. He buys a stock based off of that company's fundamentals. Why? A stock should appreciate because it grows its earnings over time.