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Warren Buffet invests $3 billion in GE - 10/1/2008 6:17:45 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline 		GE is one of the companies calling for Congress to pass a financial rescue package. Warren Buffet has weighed in, adding to his new stake in Goldman Sacs.

From the New York Times:

http://dealbook.blogs.nytimes.com/2008/10/01/buffett-to-invest-3-billion-in-ge/index.html?hp
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RE: Warren Buffet invests $3 billion in GE - 10/1/2008 6:35:56 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		GE makes weapons for the war.

(in reply to Musicmystery)
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RE: Warren Buffet invests $3 billion in GE - 10/1/2008 6:41:37 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline 		[Deleted--no point in responding.]

< Message edited by Musicmystery -- 10/1/2008 6:43:53 PM >

(in reply to pahunkboy)
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RE: Warren Buffet invests $3 billion in GE - 10/1/2008 7:16:04 PM   
corysub


Posts: 1492
Joined: 1/1/2004
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quote:

ORIGINAL: Musicmystery

[Deleted--no point in responding.]


Yea...was going too...but your right.

(in reply to Musicmystery)
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RE: Warren Buffet invests $3 billion in GE - 10/2/2008 6:56:32 AM   
bipolarber


Posts: 2792
Joined: 9/25/2004
Status: offline 		Other than... when the economy recovers, Mr. Buffet will be sitting very pretty.  (So nice that a man like him, starting out with only a few billion in his pocket, can become a success in America... it's a regular Horatio Algier story!)

(in reply to corysub)
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RE: Warren Buffet invests $3 billion in GE - 10/2/2008 8:12:41 AM   
bipolarber


Posts: 2792
Joined: 9/25/2004
Status: offline 		So here's a second thought that I have on this:

How come it's OK, even laudable that Buffet can invest his money like this, and probably make a profit, shoring up the capital of a failing investment firm... but when the US government does the same thing, on behalf of Joe Q. Taxpayer, for the entire system (because they can) they should suddenly be hung from the highest yardarm?

just askin'...

(in reply to corysub)
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RE: Warren Buffet invests $3 billion in GE - 10/2/2008 8:13:44 PM   
SummerWind


Posts: 314
Joined: 7/4/2007
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quote:

ORIGINAL: bipolarber

So here's a second thought that I have on this:

How come it's OK, even laudable that Buffet can invest his money like this, and probably make a profit, shoring up the capital of a failing investment firm... but when the US government does the same thing, on behalf of Joe Q. Taxpayer, for the entire system (because they can) they should suddenly be hung from the highest yardarm?

just askin'...


Because it's HIS money......

(in reply to bipolarber)
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RE: Warren Buffet invests $3 billion in GE - 10/2/2008 8:26:55 PM   
rexrgisformidoni


Posts: 578
Joined: 9/20/2008
Status: offline
quote:

ORIGINAL: SummerWind

quote:

ORIGINAL: bipolarber

So here's a second thought that I have on this:

How come it's OK, even laudable that Buffet can invest his money like this, and probably make a profit, shoring up the capital of a failing investment firm... but when the US government does the same thing, on behalf of Joe Q. Taxpayer, for the entire system (because they can) they should suddenly be hung from the highest yardarm?

just askin'...


Because it's HIS money......



Yep. And he has earned every dime, he is not a paper shuffler, he makes sure an investment is sound and will be sound for quite some time. Plus the government never ask to use my money. Hence the yardarm

(in reply to SummerWind)
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RE: Warren Buffet invests $3 billion in GE - 10/2/2008 9:02:33 PM   
slaveboyforyou


Posts: 3607
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From: Arkansas, U.S.A.
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quote:

So nice that a man like him, starting out with only a few billion in his pocket, can become a success in America


Buffet didn't start out with a few billion in his pocket.  He came from pretty humble beginnings. 

(in reply to bipolarber)
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RE: Warren Buffet invests $3 billion in GE - 10/2/2008 9:04:45 PM   
rexrgisformidoni


Posts: 578
Joined: 9/20/2008
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quote:

ORIGINAL: slaveboyforyou

quote:

So nice that a man like him, starting out with only a few billion in his pocket, can become a success in America


Buffet didn't start out with a few billion in his pocket.  He came from pretty humble beginnings. 


I think he actually started with like a pinball machine he went in with some friends when he was a kid, bought his first stock when he was 17


(in reply to slaveboyforyou)
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RE: Warren Buffet invests $3 billion in GE - 10/2/2008 9:33:31 PM   
Lorr47


Posts: 862
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quote:

Other than... when the economy recovers, Mr. Buffet will be sitting very pretty. (So nice that a man like him, starting out with only a few billion in his pocket, can become a success in America... it's a regular Horatio Algier story!)
quote:

ORIGINAL: bipolarber

It was my understanding that Warren Buffett started with $300.

(in reply to bipolarber)
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RE: Warren Buffet invests $3 billion in GE - 10/2/2008 9:49:55 PM   
MsRobinSanders


Posts: 30
Joined: 11/24/2005
Status: offline 		"GE makes weapons for the war."

and a few hundred other products...

(in reply to Musicmystery)
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RE: Warren Buffet invests $3 billion in GE - 10/2/2008 9:57:29 PM   
MsRobinSanders


Posts: 30
Joined: 11/24/2005
Status: offline 		GE also makes wind generators ...the huge ones for windfarms,for example.

You know, producing power that doesn't use foreign oil.

It is a good thing.

(in reply to Lorr47)
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RE: Warren Buffet invests $3 billion in GE - 10/2/2008 10:01:26 PM   
winterlight


Posts: 1319
Joined: 2/18/2006
Status: offline 		Bill O'Reilly had something on GE doing business with the enemy...

(in reply to MsRobinSanders)
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RE: Warren Buffet invests $3 billion in GE - 10/2/2008 10:21:28 PM   
VivaciousSub


Posts: 446
Joined: 9/7/2008
From: Tampa, FL
Status: offline
quote:

ORIGINAL: bipolarber

So here's a second thought that I have on this:

How come it's OK, even laudable that Buffet can invest his money like this, and probably make a profit, shoring up the capital of a failing investment firm... but when the US government does the same thing, on behalf of Joe Q. Taxpayer, for the entire system (because they can) they should suddenly be hung from the highest yardarm?

just askin'...


Cause he's a private investor.

The government getting involved is called "socialism". See Fannie Mae and Freddie Mac to understand how that can go wrong.

East Germany called, they want their government back.


_____________________________

9.8m/s^2 + VivaciousSub + ground = ouchx10^9th

To yield readily--easily--to the persuasion of a friend is no merit.... To yield without conviction is no compliment to the understanding of either. ~ Pride and Prejudice

(in reply to bipolarber)
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RE: Warren Buffet invests $3 billion in GE - 10/2/2008 10:28:29 PM   
popeye1250


Posts: 18104
Joined: 1/27/2006
From: New Hampshire
Status: offline 		Oh nice! Warren Buffet buys stock in G.E. and gets a 10% dividend plus warrants to buy more stock at anytime in the next 5 years for $22.50.
And what does *our government* want to buy?
Worthless bundles of bankrupt mortgage fixtures!
Shouldn't *our congress* be following Buffet or at least using that money to build bridges and roads?
See Uncle Nasty's thread!

_____________________________

"But Your Honor, this is not a Jury of my Peers, these people are all decent, honest, law-abiding citizens!"

(in reply to Lorr47)
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RE: Warren Buffet invests $3 billion in GE - 10/2/2008 10:34:16 PM   
Lorr47


Posts: 862
Joined: 3/13/2007
Status: offline
quote:

ORIGINAL: popeye1250

Oh nice! Warren Buffet buys stock in G.E. and gets a 10% dividend plus warrants to buy more stock at anytime in the next 5 years for $22.50.
And what does *our government* want to buy?
Worthless bundles of bankrupt mortgage fixtures!
Shouldn't *our congress* be following Buffet or at least using that money to build bridges and roads?
See Uncle Nasty's thread!


I have said the same thing several times.  You are preaching to the choir.

(in reply to popeye1250)
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RE: Warren Buffet invests $3 billion in GE - 10/2/2008 10:47:12 PM   
VivaciousSub


Posts: 446
Joined: 9/7/2008
From: Tampa, FL
Status: offline
quote:

ORIGINAL: popeye1250

Oh nice! Warren Buffet buys stock in G.E. and gets a 10% dividend plus warrants to buy more stock at anytime in the next 5 years for $22.50.
And what does *our government* want to buy?
Worthless bundles of bankrupt mortgage fixtures!
Shouldn't *our congress* be following Buffet or at least using that money to build bridges and roads?
See Uncle Nasty's thread!


Mr. Buffet is one hell of an investor, I'll give you that!


_____________________________

9.8m/s^2 + VivaciousSub + ground = ouchx10^9th

To yield readily--easily--to the persuasion of a friend is no merit.... To yield without conviction is no compliment to the understanding of either. ~ Pride and Prejudice

(in reply to popeye1250)
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RE: Warren Buffet invests $3 billion in GE - 10/2/2008 10:54:38 PM   
strongonedm


Posts: 9
Joined: 4/14/2005
Status: offline 		GE bought Buffet's cred and that goes a long way. Just buy a mutual fund that has a lot of Bershire-Hathaway stock and you will be fine through this crisis. It will be all be over in a couple of years and things will be a little different. We will all drive less, eat at home more, have a vegetable garden and buy less "stuff". Maybe that is not such a bad thing. Maybe our lives will be richer for this "financial crisis".

(in reply to VivaciousSub)
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RE: Warren Buffet invests $3 billion in GE - 10/2/2008 11:08:33 PM   
strongonedm


Posts: 9
Joined: 4/14/2005
Status: offline 		Well yes, they also make airplane engines, compact florescent light bulbs and railroad locomotives. I don't think they make nuclear bombs, but who every makes those Meals Ready to Eat for the military, is truly a war-driving enterprise.

Frankly, if we didn't insist on driving and flying every dang where, our politicos wouldn't see a need to go to war to protect the oil to get our votes. If you don't see it clearly now, we went to war to get a foothold to protect the oil that keeps us financially afloat. We, not the government, need to rein in our energy use and invest in solar panels. Though, it is far more costly than you might expect. Personally, the solar system that cools my small home for 5 hours a day in the summer cost $40,000, though it will pay for itself in 18.7 years, that is a lot of cash to tie up.



(in reply to pahunkboy)
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