How can you lose as an investor if just the fact that you buy a share makes the market also buy it and sends the price up by 25%.
Such is the case with Warren Buffett and his $5 billion dollar purchase of shares in the struggling Bank of America.
It does send a tremendous message of confidence out to the World that the Worlds greatest analyst is buying big into Banks.
He was buying further into Wells Fargo Bank last week and is said to own 9.5 million shares in them.
Which makes us here at Dunover.com feel a whole lot better because thats exactly where we are.
Heavily invested in Lloyds and also in RBS and convinced the Banks will recover from these rock bottom prices in the next year or two.
The only doubt in my mind being that Warren Buffet at 80 years old may have just lost his marbles ....
Warren Buffetts Eureka moment in the bath tub:
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