Thread: Buffett buys in
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Old 10-01-2008, 07:40 PM   #1
ZenGum
Doctor Wtf
 
Join Date: Oct 2007
Location: Badelaide, Baustralia
Posts: 12,861
Buffett buys in

Warren Buffett is considered one of the canniest investors in the world.

His rule is: never lose money.

He recently invested $5 billion in Goldman Sachs.

He has just invested $3 billion in General Electric.

Either the old feller has lost the plot (which I very much doubt), or this is a big vote of confidence in the system as a whole.

Even if he is just "bargain hunting", those stocks are only bargains if things are going to get better. Makes me feel a bit better.
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