Warren Buffett has become a gunslinger chasing returns instead of waiting for the big fat pitch that he talks about.
He just blew off some serious energy stocks because oil prices are down. The value investor should be compelled to look at energy not run from it.
He is loading up on IBM. Warren Buffett has a history of saying he does not understand technology and stays away from it. He is close friends with Bill Gates who I’m sure can explain a few things. But having said that he loads up on IBM.
George Gutowski writes from a caveat emptor perspective.