10-20-2014, 11:11 AM
(This post was last modified: 10-20-2014, 11:12 AM by Roadmap2Retire.)
(10-20-2014, 10:29 AM)Kerim Wrote: On a related note, I read elsewhere that Buffett's average price for his considerable stake in IBM is around $167. For what it is worth.
Ah yes. I was surprised when after years of avoiding tech stocks saying that he doesnt understand the business, Buffett ended up picking IBM. I have tremendous respect for Buffett and pay attention to what he says and does.
Just last week he announced that his investment in Tesco was a mistake and has been dumping those shares. So, I wont be following his investments blindly into IBM either
Im happier with a missed opportunity here in case IBM turns around.