Warren Buffett Buys 64 Million Shares of IBM

Nov 14, 2011
J. Webster
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Warren Buffett tell his favorite interviewer, Becky Quick, that he bought 64 million shares of IBM, which is a $10 billion position in the stock. When are Quick and Buffett going to do an interview from Buffett’s bathtub already?

Some are wondering if Buffett is getting in a little bit too late with IBM, as the stock is already up quite a bit this year – hovering close to $190 a share. However, Buffett of course holds stocks with a long term outlook. IBM has become more of a software servicing company, and in a way that makes IBM less of a technology company. Buffett has said in the past he doesn’t buy tech companies since he can’t really understand them.

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