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It looks like Warren Buffett is officially comfortable with investing in tech: Bloomberg reports...

It looks like Warren Buffett is officially comfortable with investing in tech: Bloomberg reports that, in addition to acquiring a stake in IBM, Berkshire Hathaway (BRK.A) has taken a position in Intel (INTC). INTC +0.9% AH.
Comments (5)
  • Alex Morris
    , contributor
    Comments (687) | Send Message
     
    Slightly misleading statement: the investment is almost certainly from Todd Combs (only $200M position).
    14 Nov 2011, 05:08 PM Reply Like
  • User 487974
    , contributor
    Comments (1105) | Send Message
     
    What this progressive shill does is of absolutely no interest / worth to the average investor / trader!
    Who cares what he does?
    Buffett gets a special deal for whatever he wants and you and I can never get anywhere near his comp's!
    So what, are we to take on bubble T.V. that Bubble Head Buffett is buying so the retail investor should jump in?
    This is not the time for risk on,period!
    Risk is much more concentrated to the downside.
    I suppose if we wake up and Iran has decided to test a nuke out on Saudi Arabia, Doug Kass and Buffett would call that a buying opportunity?
    Point is you need to take care of "YOUR" finances yourself and screw what all these bubble headed boobies,(Hat tip to the late great Jonathan Harris of "Lost in Space" fame ala Dr. Smith)have to say.
    Jerry
    14 Nov 2011, 05:22 PM Reply Like
  • Joe Dirnfeld
    , contributor
    Comments (1128) | Send Message
     
    Buffet has a prospective of history that includes the great depression and WWII , A dramatically more onerous world. We will overcome what is ahead and prosper. The prior advise will keep you from making money. Once Obama is gone, things will improve noticeably.
    14 Nov 2011, 07:12 PM Reply Like
  • docscholl
    , contributor
    Comments (17) | Send Message
     
    I'm wondering why Buffett took so long to get to INTC.
    Just a few months ago, it was just above $19.00.
    Seems he was quoted as saying:
    "Most people get interested in stocks when everyone else is. The time to get interested is when no one else is."
    15 Nov 2011, 07:26 AM Reply Like
  • MaxPSA
    , contributor
    Comments (560) | Send Message
     
    @ docscholl,

     

    You're wondering why Buffett didn't time his purchase of INTC to perfectly coincide with its 52 week low?

     

    Here's a possible explanation -- Buffett is not omniscient and doesn't have a crystal ball that tells him the future with 100% accuracy. If he could foretell the future, he'd likely be smart enough to just buy the winning numbers for a Powerball lottery jackpot and then use his resulting wealth & free time to play Bridge.
    27 Dec 2011, 11:22 AM Reply Like
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