I read this very engrossing story in Fortune and decided to look up that stock. Interesting to see that it has closed near the day’s high on Friday and on volume not seen the whole week. We know Warren Buffett has invested some decent money. Should we also throw in our pennies to support GE?
Mr. Buffett has a keen eye to buy distressed companies, and he drives a hard bargain. Unfortunately, no one is going to give Ramki or his readers the same terms. So we have to look at the stock with a different pair of eyes. Take a look. ge-13-oct-2008
You should remember that we are taking a very short-term view of the stock. Who knows, in a few years from now, Warren and other long-term investors could be sitting pretty while we are still chasing our fortunes. But we choose our own lives, don’t we? Enjoy.