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

Mondays With Buffett

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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

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