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Katherine Ross: What was your biggest takeaway from last night's debate? Kenny, Let's start with you.


Kenny Polcari: Taxes, taxes, taxes. That was my big takeaway. How are we going to pay for all these plans that the Democrats want to launch, whether it's healthcare, whether it's social security, whether whatever, you know, Elizabeth Warren starts it with all her new taxes on the rich, on the wealthy, all that stuff. So,I would be very cautious. I still think it's too early to start to build a portfolio around it because I think the field is way too big still, is at least 10 that were on last night plus the stragglers that are still hanging around. So until I would want to wait until it's condensed a little bit more and you really understand who the top three or four and what those, what their policies are really going to mean before I really start to try to build a portfolio, especially around what happened last night. Because as you probably recognize, there wasn't a whole lot of economic talk last night. There wasn't anything that dragged, you know, that pulled me into the conversation about the economy. It was much more about healthcare, about raising taxes. It was about, you know, Elizabeth Warren's plans and everyone else, immigration. So, I didn't get anything last night that was going to cause me to say, "Oh, I need to change my portfolio at the moment." I think that's going to happen like I said, as we move into 2020, and that field gets called down and then there are three or four more dynamic choices, and then you're going to start to see, okay, what's this really gonna mean, And then what's it going to mean for my portfolio.

We heard from the Democratic hopefuls Thursday night as they took the debate stage.

Kenny Polcari, managing principal at Butcher Joseph Asset Management, joined TheStreet to talk about the debate and his biggest takeaway. 


"Taxes, taxes, taxes. That was my big takeaway. How are we going to pay for all these plans that the Democrats want to launch, whether it's healthcare, whether it's social security, whether whatever, you know, Elizabeth Warren starts it with all her new taxes on the rich, on the wealthy, all that stuff," said Polcari. "So, I would be very cautious. I still think it's too early to start to build a portfolio around it because I think the field is way too big still, is at least 10 that were on last night plus the stragglers that are still hanging around. So until I would want to wait until it's condensed a little bit more and you really understand who the top three or four and what those, what their policies are really going to mean before I really start to try to build a portfolio, especially around what happened last night."

Watch the video above for Polcari's full answer. 

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