Warren Buffett is the most successful investor on the planet and a very smart fellow. His core team also gave me a job in October 2000 at GenRe Financial Products, and I have always held him in high regard.
He has invested $5 billion in Bank of America on 25th August. But was the Wall Street Journal correct to headline the deal a “Vote of Confidence” in the bank?
Read more via Gordon Kerr’s Buffett’s $5 billion ‘vote of confidence’ in Bank of America » The Cobden Centre.