I Am Betting on Buffett

A billion here and a billion there, and soon you're talking about real money. - Everett Dirksen

I may not be a financial genius but today, I feel like one. The current US stock market is offering some historic buying opportunities. Think of securities you have admired and wanted to own for a long time but for whatever reasons, you have not acquired. I have long admired Warren Buffett, the Oracle of Omaha, and his company, Berkshire Hathaway but I had never bought in. Last month when the market was exhibiting a lot of volatility, I placed an order to purchase this security at a price I thought was ridiculously low (way below the 52 week low). After flirting with the threshold I set for almost a month but not quite hitting it, I was lamenting setting my target so low and considering upping the price I was willing to pay so I did not miss buying it by some small margin (which would be negligible in the long term). Luckily, I held firm and yesterday, it dipped below the price I wanted and my order was executed. I am now a proud shareholder of Berkshire Hathaway. I am confident Mr. Buffett and his company will prove to be a wise bet.