Warren E. Buffett, the chairman and chief executive of Berkshire Hathaway, revealed on CNBC that his conglomerate had amassed 64 million shares of I.B.M, a stake of about 5.5 percent.
Berkshire now ranks among the largest shareholders in the company.
''They have laid out a road map, and I should have paid attention to it earlier,'' Mr. Buffett said of the company on CNBC. Mr. Buffett, who indicated in the interview that he had not spoken with I.B.M. about his position, felt management had done ''an incredible job.''
http://query.nytimes.com...EF936A25752C1A9679D8B63
In the meantime time, Sure is searching for a Kenyan quoted company that has laid out a road map.
http://dailylight@newspaper0DE6DF163EF936A25752
Wisdom to detect when share prices hit rock bottom.
When interest on bonds keep going up, you know the bear run is on high street. When interest on bonds start leveling, the bear has met the bull and they have hit rock bottom. When the interest rates on bonds start coming down, the bull has overpowered the bear and you better be riding the bull.