Looks like the investing gods have abandoned Buffett, not for the first time in his career.
Who is buying IBM or Coke? Who is holding? Who is selling? And what do you think of WEB’s stakes in these?
holding ibm. it’s tough but the other tech turnarounds in what were much worse situations seem to build a case for potential in ibm. valuation is right if they can right the ship, at least a little. if they could import a more inspirational ceo, that would go a long way. maybe buffet will get some 3G boys to run IBM, haha.
as for KO, it’s not cheap, the whole industry is under attack and i’m not sure it will get much better soon. not really interested.