texual Posted July 26, 2012 Share Posted July 26, 2012 The GS preferred were a better investment and I think that Buffett predicted the equity would be a shaky investment for some time. Meanwhile he pockets a huge return and makes out like a bandit. Perhaps the next few years for BAC would be flat to down. Who knows. Buffett also owns some stocks like USG which have been small, volatile positions. I wish he bought BAC common but I am not inside his mind on all his investments. Personally I looked at the IBM investment as a conduit to buying MSFT. He loves Microsoft but said he would never buy it due to his relationship with Gates/board crossover. I think he even said he would buy MSFT and it was dirt cheap. So he buys IBM and I buy MSFT. Don't copy Buffett on everything, but infer what he is trying to accomplish and invest according to your own reasoning. Link to comment Share on other sites More sharing options...
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