Warren Buffett is consistently ranked amongst the world's two or three richest people.
He is widely regarded as one of the most successful investors in the world. But he has never previously invested in technology stocks. He once famously said:
"I don't want to play in a game where the other guy has an advantage. I could spend all my time thinking about technology for the next year and still not be the 100th, 1,000th or even the 10,000th smartest guy in the country in analyzing those businesses"
"Different people understand different businesses. The important thing is to know which ones you do understand and when you're operating within your circle of competence."
Then suddenly in November, Buffett announced that his Berkshire Hathaway Inc. has taken a 5.4% stake in IBM with an investment of around $11 billion. This was despite largely 'flat revenues' over a ten year period and earnings per share growth that one commentator called 'financial sleight of hand'.
This interactive WHY Map provides a quick and clear insight into WHAT he did, HOW he did it, and most importantly WHY.