Buffet and GE

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Oct 2, 2008 1:19 pm

Was listening to John Budden last night and he was discussing Warren Buffet and GE. His comments were in essence that for those investors that follow Buffet ( like the Guru ) should understand his reasoning and his time horizon on GE. He suggested that Buffet was taking a calculated risk AND was prepared to wait for an extended period of time to see the investment appreciate.

If you are interested in a well respected Canadian Professional's opinion/thoughts see
 
              www.johnbudden.com
 
Just another point of view.
Oct 2, 2008 1:21 pm

Was just reading this, from Yahoo, "


Both GE and Goldman appeared to want Buffett's endorsement of their companies as much as Berkshire Hathaway's cash, so they were willing to grant concessions. Morningstar analyst Justin Fuller said Berkshire will receive $800 million a year in dividends on the preferred stock in GE and Goldman for at least the next three years. "


He usually doesn't just buy the stock. Now he's jawboning Congress to pass the package. Why not?
Oct 2, 2008 2:06 pm

Walking9 ....I am quite sure that Warren Buffet in his business dealings is very shrewd and knows exactly what he wants to extract from his positions in companies. Be assured when he and his team arrive.....Nobody Get's A Free Lunch ". Business is Business.

His personal generosity to various charities I think is quite genuine. But you can bet in Business he is taking no prisoners.
Oct 2, 2008 2:12 pm

Heh. A true (North) American. I read a couple biographies about him. Shrewd and cheap. Totally the opposite of me. I take comfort know, at least I choose to play about ten times more golf than Mr. B.

Oct 3, 2008 8:29 am

what he invested in both sachs and ge is very little of berkshires net worth. he took very little risk.

Oct 4, 2008 12:39 am

The more of GE I see, the more I think it's a big pile of sh*t.  Immelt is slowly running this once proud giant into the ground.  I'm wrestling with how much longer I'm going to hang onto this dog...

Oct 4, 2008 1:04 am
Indyone:

The more of GE I see, the more I think it's a big pile of sh*t.  Immelt is slowly running this once proud giant into the ground.  I'm wrestling with how much longer I'm going to hang onto this dog...



Certainly the stock wouldn't be so cheap if they didn't have a few problems in the near term.  But they have a long track record of excellent management and of developing key personnel over the years.

If you've had it for a while, maybe your opinion is influenced by the fact that you've suffered some losses?