Warren Buffett has invested big in Big Blue.
The ‘Oracle of Omaha’ prior to trading on Monday announced that his holding company, Berkshire Hathaway, had bought $10.7 billion in IBM common stock (64 million shares), giving him a 5.4 percent stake of ownership in the company, CNBC reported.The buy is significant not only for its size (Berkshire Hathaway’s entire investment portfolio is worth over $62 billion, according to CNBC, and IBM is currently the second largest company in the portfolio by holding value, after Coca Cola), but also because Buffett has famously avoided technology stocks for most of his career.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=104501