Turbotodd

Ruminations on IT, the digital media, and some golf thrown in for good measure.

Mondays With Buffett

leave a comment »

Monday. What can you say about Mondays other than Monday?

The first thing I typically do on Mondays is check the news.

When I did so today, one of the first headlines I read said “Buffett Buys Into IBM.” At first I missed the function “into” and thought Buffet had bought IBM.

No, he didn’t buy the whole company, but he did buy a nice big chunk (He being renowned investor Warren Buffett). He bought 64 million shares, around 5.4% of the outstanding stock.

As the Journal article pointed out, Buffett has historically stayed away from tech stocks, but said in this case “It’s [IBM] a company that helps IT departments do their job better.”

He went on to say that he “admired IBM” because they had laid out clear long-term goals and met them.

A fiduciary vote of confidence from Warren Buffett — now that’s a nice way to start a Monday.

Written by turbotodd

November 14, 2011 at 3:00 pm

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: