You know it’s a good time to invest when Warren Buffett is being aggressive. A few days ago, Buffett purchased 5 billion dollars into Goldman Sachs(GS). Yesterday he put in 3 billion into GE. Here is a quote from an article on why Buffett decided to buy in now.
“G.E. is the symbol of American business to the world,” Mr. Buffett said in a statement. “I have been a friend and admirer of G.E. and its leaders for decades. They have strong global brands and businesses with which I am quite familiar. I am confident that GE will continue to be successful in the years to come.”
Source: New York Times
Thu, Oct 2, 2008
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