Tuesday, November 15, 2011

Legendary investor scoffs IBM stake, nibble by nibble • The Register

Strange days indeed

Super-investor Warren Buffett's Berkshire Hathaway biz has revealed that he has spent most of this year buying up a 5.5 per cent share in IBM.

The "Oracle of Omaha" said Berkshire had bought $10.7bn of IBM's stock to take a stake that makes it, along with State Street Global Advisors, one of the largest investors in the company.

Buffett traditionally stays away from stakes in technology firms because he doesn't understand them, but said IBM was different.

Legendary investor scoffs IBM stake, nibble by nibble • The Register

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