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Why Did Warren Buffett Buy IBM Stock?
He's often lauded as a genius who sees some hidden promise in International Business Machines Corp. (NYSE: IBM) that the rest of us don't. Or he's derided as a high-profile value investor who's losing his touch when it comes to picking companies.
Here's why he bought it in the first place, and why it shouldn't encourage you to buy IBM...
He's often lauded as a genius who sees some hidden promise in International Business Machines Corp. (NYSE: IBM) that the rest of us don't. Or he's derided as a high-profile value investor who's losing his touch when it comes to picking companies.
Here's why he bought it in the first place, and why it shouldn't encourage you to buy IBM...