Matt Frankel

If you think the government conservatorship could finally end, it could be a good thing to look at.

But that's not necessarily what he was referring to when he mentioned high-quality businesses at a discount.

That was a much broader statement.

I agree.

I don't know about you two, but my watch list has been growing by the day.

One in particular, and since we're talking about Ackman, I'll mention one that I've owned for a long time, since probably around 2012, is Howard Hughes Holdings, ticker HHH.

Ackman is the executive chair of the company.

It's an interesting real estate business.

They've developed large-scale cities.

Summerlin in Las Vegas, The Woodlands in Houston are their two examples.

It's been beaten down lately.

Ackman himself bought shares last year at $100, and it now trades in the low 60s.

Nothing really has gone wrong, except it's doing exactly what they thought it was going to do.

Rachel, I'm curious, beyond Bill Ackman, what's a stock or two that you might think has become irrationally cheap?

like other harmful things we could see some substantial reforms from legislators that could have an impact on these cash cows so i'm not saying that it's the final word but it is something material to keep an eye on i'm not a meta shareholder but we do own shares of alphabet you know which is youtube's parent company in my household my wife does in her account it doesn't really change my opinion on either company i've already had my kind of opinion formed i'm a parent of young children

I think all three of us here are parents of young children, so I'm sure we have our own opinions of social media when it comes to how it impacts the mental health of our kids.

I feel like people are becoming a lot more cognizant of the dangers of social media right now than they were a few years ago, which is what the basis of this case was.

It was people who use social media online.

and were addicted to it a few years ago.

But my kids, I can tell you, won't be on social media until they're at least in their late teens.