Buffett's silence on certain sectors speaks volumes, says Bill Smead

Bill Smead, chief investment officer at Smead Capital Management, joins 'The Exchange' to discuss energy names to watch, Warren Buffett's equity approach, and the potential for mega mergers in the energy space. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi 

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