Warren Buffett’s $10.7 Billion Bet on IBM: WHUH?

IBM ten-year look

Let’s say you’re one of the foremost investment geniuses of the universe, hailed as the most prominent and successful value investor in the world. Your last two gigantic bets have been on Goldman Sachs getting bailed out by our government and a deal with Bank of America you dreamed up in your bathtub that looks more like a curbside mugging by the Six Flags mascot than it does a deal with two sides to it. So what do you get into now? Ah, yes: those computer machines of the future! And has he got just the company to do it with: IBM!

Yup. IBM. Read More