Buffett buys in

ZenGum · 10-01-2008, 07:40 PM

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.

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. __________________ Shut up and hug. MoreThanPretty, Nov 5, 2008. Just because I'm nominally polite, does not make me a pussy. Sundae Girl.

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