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Buffett Buys GM!


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First he he buys IBM, now GM - I am shocked at this move!

 

http://www.bloomberg.com/news/2012-05-15/berkshire-discloses-stake-in-gm-as-buffett-bets-on-stocks.html

Berkshire Hathaway Inc. (BRK/A) disclosed stakes in General Motors Co. (GM) and Viacom Inc. as deputies Todd Combs and Ted Weschler, both former hedge-fund managers, built their portfolios under Chairman Warren Buffett.

 

Buffett’s firm had 10 million shares of the automaker on March 31, the Omaha, Nebraska-based company said today in a filing disclosing U.S. stockholdings at the end of the first quarter. The stake in New York-based Viacom was about 1.59 million shares. The filing excludes some confidential data.

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wow, i can't believe, the first time a position that i own, was speculated to be bought by WEB :)

 

but i do remember WEB talk about GM in one of the interviews long time ago, say how moat can disappear and he use GM as an example

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