Buffett buys in

[xoxoxoBruce]

Fairly safe picks that will allow him a profit later, if not sooner.

Remember, he's got the money to spare, and if he does happen to screw up, he can afford to lose that measly $8 billion. He won't be happy, but he won't be broke, either.

[lookout123]

OK, seriously? There are only two options. 1) History repeats - we go into recession but then come out and carry on as usual. 2) History doesn't repeat - we go into a death spiral and end up bartering for milk and eggs.

Buffett is a long term value investor. He buys distressed companies that have strong fundamentals, decent management, and a catalyst for future growth, then he holds them for a very long time. He is buying two companies that are well off their high water marks and because he buys in enormous blocks he gets extremely steep discounts off current pricing. This is classic bargain hunting.

He'll make a killing but you won't hear about that for years to come because he will hold onto the companies until he feels they're no longer a good value - most likely that will be after his death.

of course, the whole global market could collapse in which case his money is useless anyway.

[Griff]

Cool, I've got milk and eggs. What do you have?

I'm enjoying the fear game they're playing now as if there are no economic consequences to protecting corrupt organizations from market forces.