Buffet is getting in on buying American.
There is still a whole lot of FReepers ready to sell out America if it means 2 cents more in profits.
Meanwhile China grows, and grows. And grows. Now China is the world’s largest exporter. America is number two now, and falling.
Buffet is ahead of the curve. He sees a fight for national supremacy looming, which we are utterly unprepared for at present.
The sides are changing. I pick America.
So evidently does Buffet.
No mention of the Volt. Maybe it’s destined for Edsel row and that’s why investors are interested again.
I remember my professor explaining “The Rational Man Theory Of Investing”. Then, he told us it doesn’t work because people aren’t rational. George Soros made his billions by understanding this. There is no rationality in how people decide to buy cars. I don’t even need to look at the signs at the gas stations to know what the price of gas is doing. I just drive by our local Chevy dealer. If gas prices are going down, the pickups and Suburbans are parked up front. If the price of gas is going up, the little cars come to the front of the lot.
Pay no attention to the man behind the curtain...
IMHO?
Another slight of hand about to occur to make it look like it has recovered? Something to make it look like a "value" stock that all Seniors are clamoring for since Treasuries ain't paying squat?
My guess? They could be considering paying a dividend.
But how would Warren know that? :-)...
He’s going to force all of the Heinz executive to drive Volts.
Really? And what are they gonna do about that Mil-Stone called Opel?
Did GM ever pay back the TARP funds???
Buffet is cozy with Obama, so he will be informed ahead of time when the gubbermint intends to pump more money into GM for “green jobs” or something.
He doesn’t need to be savvy market-wise. He just needs that insider information.
Love Motley Fool.
How much do they still owe us?
Seems to be a moving target.
Buffett is the nations largest welfare queen. He seems to go after only products that the government has a hand in
The herd leader is moving, the herd (money managers) will follow.
Price moves up to where the WON can sell and can say, look the taxpayers made money with GM stock.
He has always been a progressive —he was and is mostly likely now head-over-heels in love with Hitlery. He will back her to the max in 2016.
WB has gotten treacherously realistic in his old age, and how he’s perfectly FINE in becoming a rich extension of the Big Brother.
Armand Hammer was to Lenin what WB is to the US power establishment.
WB is a wise, disgusting insect who is now the ultimate Inside Man.
You know what commies really end up succeeding in? In building FASCISM.
Contrary to popular perception, Warren Buffett and Berkshire-Hathaway do not alway buy value and hold it forever. They do that when they can buy out entire companies, but they can and do sell their holdings periodically. Buffett and BH are also, in my own opinion, not at all above riding a PC wave when profitable or even furthering certain political objectives via targeted investments.
One need only look at the once fairly impressive holdings of FNM to get something of a glimpse of their thinking in buying GM. Perception of a government backstop? Yep. Something of a political agenda to support? Yep. Fannie Mae was quite a ride for clued in investors due to several legal and regulatory changes that led to a boom.
But, they sold. It wasn’t a forever holding at all.