After spending $5 billion on Goldman Sachs last week, perhaps the world's best known investor found $3 billion for GE preferred shares. In doing this, Mr. Buffett is certainly strongly sending a very strong message about great value investments available in the market. Also, you need to add warrants enabling him to purchase for $3 billion of General Electric stock at $22.25.
On CNBC, Warren Buffett said: “Frankly, these markets are offering opportunities that weren't available six months or a year ago. So we're putting money to work.”
Considering Mr. Buffett's track record, maybe it's time to look at what the "experts" are doing (buying) and stop following the panicking herd (selling).
Wednesday, October 1, 2008
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2 comments:
If you have the cash, now is the time to go bargain-hunting.
I agree. It's time to search for the opportunities that will increase your wealth on a long term horizon.
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