Investor Warren Buffett buys 10 million shares of GM

[Faygo Kid]

Source: Detroit Free Press

Warren Buffett’s Berkshire Hathaway disclosed today that it has acquired 10 million shares of General Motors stock.


The investment was disclosed today in a U.S. Securities Exchange Commission document along with investments in numerous other companies.


Watch Freep.com for more on this developing story.



Read more: http://www.freep.com/article/20120515/BUSINESS0101/120515059/Investor-Warren-Buffett-buys-10-million-shares-of-GM?odyssey=tab|topnews|text|FRONTPAGE

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How is that let-GM-fail mantra workin' out for ya, Mitt?

[monmouth]

1. Check out the print on his tie!!!! I love it...n/t

[Fearless]

2. What it would be like to buy ten million of anything...

*sigh*

[onehandle]

3. I bought my Camaro last year. You're welcome, investors. And President Obama. nt

[LuvNewcastle]

4. Well Romney's wife drives a couple of Cadillacs.

Doesn't that count for something?

[Ikonoklast]

5. Yeah, well...what does he know???

Buffett *always* takes the long view, unlike vulture capitalists who only look to the end of the quarter.

[BadgerKid]

6. Stock price looks like its triple-bottoming,

which in some people's tea leaves suggests the stock will be going higher.

[Left Coast2020]

7. Is this a good thing?

Don't know much about investing.