Buffett’s First Purchase Since the March Crash

By Jody Chudley After sitting back and doing nothing through the March stock market crash, Warren Buffett has finally bought something…
And it’s BIG!
Buffett watchers have been dying to see which beaten-down sector he would swoop into to lock down an epic bargain.
In 2008, Buffett made billions for his Berkshire Hathaway (NYSE: BRK-A) shareholders.
At the depths of the financial crisis, he made brilliant investments in companies like Bank of America (NYSE: BAC), Goldman Sachs (NYSE: GS) and General Electric (NYSE: GE) at incredible terms for Berkshire.
So where did Buffett unload some of Berkshire’s $137 billion war chest this time?
Pipelines – more specifically, natural gas …read more

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