We all know the name Warren Buffett. He is the prolific investor who built an empire taking risks on companies through purchasing its stock, improving companies’ bottom line, and selling at record profits.
To date, he has largely invested in product (i.e. Coc-Cola) and services (i.e. Geico, Prudential) companies. He now has disclosed that his company has purchased nearly 10.7 billion, or 64 million shares, of the tech guru IBM. His name is often brought up in our industry as he invests a great deal in both real estate and those banks used to leverage mortgages. Purchasing a tech stock deviates from his modus operandi and many are wondering what he may know that we don’t…
Most likely, a good sign for stability in the market, beginning with our fundamental barometer: housing. For related information please visit…
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