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Introducing perhaps the most interesting line of thinking on the show, Weiss actually said he's "second-guessing" his "pretty high allocation to the banks."
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Picker pointed out that MS is up 80% since ValueAct's announced stake in August 2016. She didn't point out that those are past-tense, catch-up, relief-over-no-more-1.5%-10-year gains and that the talent and money that used to go to that sector that used to be free to trade generously are now drifting West to Silicon Valley and reinventing the financial space and other spaces, which generally means improving consumer convenience and lowering fees.
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