Warren Buffet, known as legendary investor, is one of the most successful investors in the world. The investor is noted for his adherence to the value investing philosophy. He spent $30 billion on a railroad, which has been called “bet on the US economy”. Rail traffic surges 20% from a year earlier. He made investment in Hochschild, Kohn and Co and acquired stocks in the Washington Post Company. His acquisition of 12% stake in Salomon Inc. in 1987 made him the largest shareholder.
Warren Buffet is currently running his own company in addition to buying and selling investments.
Warren Buffet is just one of many bullish billionaires. Let’s discover what other billionaires have been buying.
John Paulson rose to fame for his multi-billion bet against subprime mortgages. He has bought up tracts of raw land with belief that land prices are coming back. In 2009, Paulson garnered $2.3 billion from fees received from his hedge fund.
John Paulson currently serves as the founder and president of Paulson & Co., the manager of several hedge funds.
Bill Miller’s Legg Mason Value Trust outperformed the S&P 500 15 consecutive years from 1991 to 2005. Miller once said, "As for the so-called streak, that's an accident of the calendar… We've been lucky. Well, maybe it's not 100% luck—maybe 95% luck.”
Leon Cooperman purchased 1.2 million of Ford (F), 720,000 of Bank of America (BAC), and 3.3 million shares of Microsoft (MSFT).
Ken Fisher has been bullish on innovative ways to extract more coal and gas out of ground.
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Economics is the study of our lives,our jobs, our homes, our families and the little decisions we face every day. Thus, I am keen on reading and studying economic issues.
Articles Source: Warren Buffet: Best Investor