Buffett Says Berkshire Has Bought About $10.7 Billion in IBM
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Buffett Says Berkshire Has Bought About $10.7 Billion in IBM
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Re: Buffett Says Berkshire Has Bought About $10.7 Billion in IBM
#2Invest in companies that are actually producing something valuable. That's the way to restart the economy.
Can we all move on from the social media bubble and get back to real work now ?
Re: Buffett Says Berkshire Has Bought About $10.7 Billion in IBM
#3I wonder how much of it has to do with their new 3d semiconductors [1]. These things seem ideal for dedicated servers and the like.
[1] http://www.youtube.com/watch?feature=player_embedded&v=r...
Re: Buffett Says Berkshire Has Bought About $10.7 Billion in IBM
#4That's one of the best shows of support Virginia Rommety could get!
Re: Buffett Says Berkshire Has Bought About $10.7 Billion in IBM
#5FWIW, IBM is more expensive on a PE basis, trading at trailing PE of 14 compared to Microsoft's PE of 9.8.
Re: Buffett Says Berkshire Has Bought About $10.7 Billion in IBM
#6Invest in companies that are actually producing something valuable. That's the way to restart the economy. Can we all move on from the social media bubble and get back to real work now ?
I think you're wrong, because "social media" is not a bubble. Actually, it's part of the real life. :-) And I don't know what Warren wants with this, maybe he's believing in another monopolistic move of IBM, which is not too smart these days.
Re: Buffett Says Berkshire Has Bought About $10.7 Billion in IBM
#7Invest in companies that are actually producing something valuable. That's the way to restart the economy. Can we all move on from the social media bubble and get back to real work now ?
Can you please split your comment in two?
The first part is pretty on the spot, but the second part is stupid, wasteful and does not belong on HN since Social Media is productive (Facebook allowed me to get back in touch with some old friends that I haven't heard from in years). You don't have to turn out forks or dig iron from the ground just to be productive.
Re: Buffett Says Berkshire Has Bought About $10.7 Billion in IBM
#8Invest in companies that are actually producing something valuable. That's the way to restart the economy. Can we all move on from the social media bubble and get back to real work now ?
I think you're wrong, because "social media" is not a bubble. Actually, it's part of the real life. :-) And I don't know what Warren wants with this, maybe he's believing in another monopolistic move of IBM, which is not too smart these days.
Actually, I agree with you on the benefits from social media to the society. But for 5% of useful features, there is 95% of trendy/fashionable projects that do not have any benefits to the grand scheme of things, are really expensive (color?) and are driving workforce away from more important projects.
Re: Buffett Says Berkshire Has Bought About $10.7 Billion in IBM
#9FWIW, IBM is more expensive on a PE basis, trading at trailing PE of 14 compared to Microsoft's PE of 9.8.
He said he won't buy MSFT b/c he's close with Gates. If he bought and they announced a share buyback / dividend, people would wonder if he heard something from Gates. He sees no point in running that risk.
Not a MSFT fan myself but I have to regard Buffett's frienship with Gates as a pretty strong endorsement of him as a businessman.
Re: Buffett Says Berkshire Has Bought About $10.7 Billion in IBM
#10From what I undersand, Buffet has always avoided technology companies because he believe he didn't understand them well enough in order to invest.
Someone at IBM must have changed his mind?