Archive for October 4th, 2008
4th October
2008
Could not overlook a statement in the New York Times about Warren Buffet’s investment in GE and what they call the “credibility dividend.” In the article on his $3 billion GE influx, Steve Lohr wrote: “Warren Buffet has become the new triple-A credit rating system. It’s a big endorsement for G.E.” Worth noting that the reputation of one man and his investing strategies at Berkshire Hathaway could do what the markets couldn’t – keep hope alive. Buffet is a one man reputation guarantee.
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