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Sunday, March 9, 2008

Warren Buffett Bet On stocks

Hi,
CNBC' Buffett Watch Posted Barron's Spotlights Buffett's $4.5B Bullish Bet on Stocks CNBC report how Warren Buffett spent his money on stocks at year 2007.

According to Barron, Berkshire bought just over $19 billion dollars of equities, twice last year's $9.2 billion. That's an average of $75 million in buys for each business day. Berkshire's net stock purchases (stocks bought minus stocks sold) during the year totaled $11 billion.

The article also notes that Berkshire has brought in $3.2 billion in premiums for insurance against the default of some high-yield ('junk') bonds.

Berkshire Hathaway Stock Price had rise back Since Barron report on Berkshire Hathaway may be overprice in my pervious posted Berkshire Hathaway Shares Drop. Berkshire Hathaway had a 27% gain from last year.

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