Chris Davis: Give up on bonds and use dividends to generate income

Chris Davis, chairman of Davis Advisors, says that value investors can't rely on the classic approaches but must instead seek out a mix of 'undervalued growth companies and value companies that can grow,' a more hybrid investment style that has been working even in times when traditional value investing has struggled. Further, he notes that investors should forego most bond holdings in favor of high-grade financial stocks, noting that he expects a decade of substantially rising dividends in the sector. Also on the show, Ed Carson, news editor for Investor's Business Daily, discusses how rising inflation has sapped economic optimism, and Chuck gives the results from his annual Halloween 'cash or candy' giveaway.