Sunday Night football commentator Al Michaels on his playbook and the 100th NFL season

so we back now Alta talking about the stars of the game and not the those who are kneeling is that issue now in the past which dominated the league last year that that one's probably in the past you know it could rear up again we don't know but every time we think we're getting back to football football something else happens so there's something that takes place off the field and the fans it's funny theythey I'm not saying they relish it but it becomes a big story sometimes the side stories overwhelm the bigger stories but in its essence I mean those of us who love this game we love the games and the other stuff is just stuff it's noise on the outside but once they kick off and they get going especially tomorrow night at 7:10 it's all about the game and the game is like you know that's the greatest part of sports watching how it plays out yeah we're looking forward to that all right your unofficial financial advisors waiting for a question I I know you busted my chops when I was on during the Superbowl and Minneapolis about the you know the the three times funds on steroids I get it but my biggest winner over the past few years has been the direction on financial bull three times it's been fantastic I got in at the right time so give me give me some some funds on steroids I should be looking at right now it's probably too late for the financials but what do you think so so for a couple of years old these are ETFs okay I genuinely feel that there is huge opportunity if you were to be country-specific in the emerging markets I think there's huge opportunity in India IND a is the best way to play it it's a very low cost ETF it gives you the biggest 70 companies in the country I think most portfolio managers are under way TM and even more than one during India there's so much focus on China this company is I think this country is sleeping giant yesterday I talked about medical devices I genuinely feel that there are 72 million baby boomers they're going to spend the next couple of decades spending a ton of money pairing parts of themselves replacing parts of themselves I know my parents generation is spending a lot of money doing that I think these companies are relatively impervious to economic issues so IH I is the ticker symbol of my favorite medical devices ETF it's got 57 holdings in it all of the biggest companies involved in everything from diagnostic to hip replacement so you can find individual stocks in their owl or you can just own the whole basket which is my approach so those are two knit those are two ETFs that I think play on secular trends and I like them both a lot for for for you I've already clicked send on my Schwab accounts I wanted to be the first guy in this for anybody on the panel this is a psychological question what is wrong with somebody like me who should be more savvy and investing that I hold on to something far too long for instance chemours which I bought years ago and I had a thousand percent gain in it and I've kept it and I've kept it and I've kept it and I'm now I'm down to about a 50% gain what's wrong with me help me in nature yeah it's human nature it's like how you can't clean out your closet and bring it all to the goodwill when you should and you need to hire a professional closet cleaner to do it for you but it is it's human nature people don't like to realize a loss because it's the equivalent of admitting a mistake so I had a trade out I was in uber I bought it shortly after the IPO at about 40 to 43 I got stopped out at 40 about a month ago it's since gone down to 31 people don't watch every show so they're not aware that I had taken a small loss in it but the idea of going into these things with an exit I think is is a smart way to do that kind of speculating and knowing where you say all right at this price I'm wrong the reason I bought it might still be valid but the market is saying that I've made a mistake and people have losses Warren Buffett has had stocks that have been in billions of dollars in drawdown and anyone who pretends that every trade they do never has a loss it wasn't really the people that have the issue not you I love the I love the cleaning out the closet analogy and Josh Josh I bought over because of you and then I missed the show you got out of it and so I'm still in it the other thing your question judge every time you have an analyst on you know not not your panel but the analysts who come in and they tell me we were living in uncertain times would you ask them when we're living in certain times to call me give you a call good call we'll be sure to let you know hey Pete Najarian has something for you well first of all discipline is exactly what we talk about all the time on this show so you're talking about those losses you have to have a point where you sell a loss and you sell a game and you have those the second you put that trade on that's always exactly what we try to stick with or at least trimming when it comes to the upside movement you got a trim when it doubles and then after that then you can hold it and make your decision on how far am I going to look willing to let this go I will tell you this when you look at the market still today al the one name that still stands out to me that's way too cheap still has plenty of upside and when you look at all the different levers they can pull I think it's going to be an amazing especially if we get this trade war resolved which I think we will take a look at Apple again it comes up all the time this is a name that I think over time if you're willing to hold on to this name because of what they're doing in the other areas that will grow even faster than people expect I think that's why this stock eventually gets to 300 and Beyond I'll be watching your segments later today to see which clause I'm supposed to buy are you and are you and other big tech names L or you are you getting out of some of the high-flying Fang names that maybe have cooled off a bit what what what individual names are at the top of your list these days almost none in that regard but I do have a whole bunch of funds that are big obviously with with Apple and Microsoft and and the tech stuff I you know I bought IBM 20 years ago I still have it that's another thing that you know I've held on to it's been you know what it's been it's been this it's been that it hasn't been fantastic it's more of a you know it's a yield plate right now so I'm more into the funds now than the individual stocks except when you know I'm watching your show and you guys tell me to get into over or whatever I'm supposed to get into but I need to get out of it away from that one yes you got a run in a second but Lizzie Young has a question for you as well he's on our panel today hi al and a biggest Packer fan on the desk today what I wanted to say was there the academic response to your question is that it's called confirmation bias and there's a whole field of study on behavioral finance because we're all human we all do it everybody here as professionals we still have it and it's okay that you suffer from it too I am going to the couch in ten minutes yeah we can't wait to watch you and Chris this year gonna be a lot of fun terrific absolutely thanks so much for calling in pop the great we'll see you soon and I'll bring you that list of of Josh's names just in case you couldn't write fast enough you