Billionaire investor Warren Buffett is not concerned by the sharp drop in Bank of America Corp shares in the last couple of days, despite his $5 billion investment in the company last month, he told Reuters Tuesday.
“We agreed to hold it for at least five years, so what I’m thinking about is where Bank of America will be in five years, and nothing in the last 24 hours or 48 hours has changed my views on that,” the Berkshire Hathaway Inc chief executive told Reuters on the sidelines of Fortune magazine’s Most Powerful Women Summit.
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how quaint, outdated and outmoded; a five year investment!
gotta love the old man … when he goes, all the world will be trading like le flea and his coc’d up cohort 😛