Warren Buffet on a Spending Spree
Feb 15th, 2008 by Shaun Carter
You know that the market is down when Warren Buffet begins to see opportunity around every corner. An announcement was made Thursday about Berkshire Hathaway’s purchase of a very large stake in Kraft Foods, making it the largest shareholder of the maker of many consumer staple food products.
The Kraft purchase is only one of the many recent Buffet acquisitions which have also included Burlington Northern, Trane and GlaxoSmithKline. Buffet is also increasing his stakes in many other name brand companies.
I’m sure that when we are on a path to recovery from this downturn, Warren Buffet’s cheap purchases today will begin a steady climb in value into the future.
Technorati Tags: warren buffet, berkshire hathaway, shaun carter, investing, stock market, burlington northern, trane, glaxosmithkline, kraft
