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On the other hand, Buffett does not find beaten-back European debt attractive. In the same interview, Buffett said the Eurocrisis has shown the present system has a "major flaw" and "Europe will either have to come together or there will have to be some other rearrangement because this system is not working."
Can the European Union and its currency survive? "That's in doubt now," he warns.
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Vgm - Jan 12, 2012 at 12:08 PM
Well, Buffett may have gotten his wish today to buy more Tesco. It plunged 16% due to poorer than expected Christmas numbers and reduced outlook.
Vgm - Jan 12, 2012 at 12:28 PM
I think he paid around 350 pence last time he bought. And I thought his average was around 360p.
Vgm - Jan 16, 2012 at 1:29 PM
DFH - that would be interesting, but curious. Berkshire acquired a relatively small position (around $200M) in Nestle (the ADR NSRGY) in 2009. It was probably bought by Lous Simpson. It was sold when Simpson left in 2010.
Where did you get your information? Do you have any numbers?
Thanks.
Where did you get your information? Do you have any numbers?
Thanks.
