WARREN BUFFET BUYS is Back
The purpose of this entry is to offer a quick recap of the most recent Warren Buffet buys. Mr. Buffet is one of the richest men in the world for good reason, and he’s arguably the most successful investor of all time. But should you trade or take a short term approach based on his purchases ?
Well that is up for debate. Some scalpers and day traders often make small percentage profits by just riding the momentum when Warren Buffet buys. These astute traders basically buy on the news and sell the rip.
WARREN BUFFET BUYS Has Investors Watching
However, that isn’t the way that Buffet makes money. As most already know, timing isn’t necessarily an issue for “The Oracle of Omaha”. If Buffet thinks the underlying business is cheap he steps in on the long side. If a current position is trading at a discount and the underlying fundamentals remain intact, Buffet averages in. In other words, holding for the long haul isn’t an issue.
Here are the most recent Warren Buffet buys:
Wells Fargo (WFC:NYSE) Increased his position in this long time financial holding on 6/30/2011. WFC closed at $25.19 on Thursday, and currently has a market cap of $133 billion.
Mastercard (MA:NYSE) Increased his position in the electronics payment processor on 6/30/2011. MA closed at $347.94 on Thursday, and has a present market cap of $44 billion.
Verisk (VRSK:NASDAQ) Buffet started a new position in VRSK on 6/30/2011. The company closed at $34.79, and currently has a market cap of roughly $5.7 billion.
Dollar General (DG:NYSE) Buffet also started a new position in DG on 6/30/2011. Shares of DG closed at $37.39 on Thursday, and has a market cap of roughly $12.7 billion.
Check back for more for information on stake buyers and color on Warren Buffet buys.
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