“Buffett is not a value investor—he has been a demographics investor,” Altucher told CNBC. So if he thinks everyone in the world is going to shave with disposable razors, he buys Gillette; if he thinks everyone is going to use their credit cards, he buys American Express.”

Altucher said both Warren Buffett and fellow billionaire Bill Gates are the largest shareholders of Republic Services. “We’re going to [create] hundreds of millions of [pounds of] trash a year this year,” he explained.