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Warren Buffett Turns Bullish on Stocks: Here's a List of His Top 10 Holdings
8/9/2011 6:28:00 PM
(List compiled by Andrew Dominguez. Data sourced from Finviz and Whale Wisdom.)
For each dark cloud, there is a silver lining. Unfortunately, silver linings are often quite elusive.
Warren Buffett, the intrepid octogenarian billionaire investor, is incredibly skilled at finding silver linings, and has made a fortune when others have cowered in fear of the darkest of clouds. He explained his philosophy best in a 2004 letter to shareholders of Berkshire Hathaway:
“Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.”
This year has been no exception for the keen investor. In the three months to June 30, Berkshire purchased $3.62bn of stock, it’s biggest buying binge since it bought $3.94bn in the third quarter of 2008, according to a recent SEC filing (via Bloomberg).
“He’s gotta put the cash to work somewhere… We’ve seen the market pull back, and this is the environment he likes to make investments in,” Tom Lewandowski of Edward Jones & Co. told Bloomberg.
And despite losing around $1.6bn the week of the US credit downgrade, Buffett is still busy sniffing out good deals.
“Transatlantic Holdings Inc. said yesterday that Berkshire offered about $3.25 billion in a bid to break up the New York- based reinsurer’s deal to merge with Allied World Assurance Company Holdings AG. The equity market rout helped push down the value of Allied’s all-stock bid by about 13 percent from the last trading day before the June announcement through Aug. 5,” writes Andrew Frye of Bloomberg.
In a recent interview, Buffett indicated that he believes the US will probably avoid a recession this year, despite the currently dour market sentiment (via Bloomberg).
Does Buffett know something the rest of us don’t? Probably (especially if you believe that wisdom comes with age). But here’s what we do know – Berkshire Hathaway’s top holdings as of the end of March, 2011 (its most recent SEC 13-F filing). Begin your investigation into Mr. Buffett’s strategy here.
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