Warren Buffet Buying Shares Again

Count_Dante

Couple of days old so someone may have posted this already, but if so it is worth repeating:

"What a relief - Warren Buffett, the greatest investor of our time, has clearly signalled his backing for buying shares now. Writing in the the New York Times yesterday he said he's shifted his own 'personal' portfolio from government bonds into US shares. He's soon to be 100% invested and reminds us again that the market's lowest point nearly always comes before the good news starts to flow. And we're certainly still up to our eyeballs in gloom."

http://blogs.thisismoney.co.uk/this_is_money_blog/2008/10/warren-buffett.html

Greycrow

One could do worse than follow Warren.

luvpump

Or Perhaps on this occasion he is the Worlds greatest Pumper & Dumper ?!

amcluesent

Even Buffett could call it wrong this time.

fatpig_2

I wonder if he bought any shares in Northern Rock or Bradford and Bingley

sabretoothtigger

Sounds like Rockefeller in 1929, warren will be fine whatever happens.

1echidna

I think that I will wait a couple of months at least. I feel there is more bad news to come. If I am wrong and markets rise, all well and good for my existing holdings. At the moment I fear more throwing good money after bad than losing out on calling the bottom of the market, which would be pure good luck really, even for Buffet.

ManAtHome

Maybe he thinks some shares are better value than govt bonds given the amount of cash govt will need to raise over the next few years - I suspect he hasn't just dumped his dosh in a tracker...

wombat42_2

Pay no attention. He's just a whizz kid. I could teach him a thing or two

Incidentally Barack Obama has signed nim up so when the US economy goes into hyperinflation in a couple of years time you can blame Warren Bufett.

Quite a few gurus, Jim Rogers, Marc Faber and Hugh Hendry are keeping well away fom equities.

MABLE

Buy, Buy, Buy

Caudle

Warren is buying with an eye to control. The sharks take a different approach to the stock market from the minnow!