Thursday, August 25, 2011

It's all just funny money!

Today Warren Buffet bought a boat-load of Bank of America shares.  Because whatever he buys seems to be golden, and his portfolio is to be admired, many people got on the bandwagon and bought more shares.  That brought the price up, per share.  Therefore by the end of the day, Buffet's shares, should he/could he resell them immediately at the latest asking price, would garner him a profit of about a billion (yes, BILLION) dollars!

If that's not funny money, I don't know what is!

Betting on Buffet, but not with my money on Day 173!

P.S.  Why couldn't he have bought Citicorp?  I DO own some of that, and it could have used a boost!

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