Summary:

One thing you know about rich people, they know how to get richer. For instance, when rest of the junta is finding little of value in cable stocks, the rich guys are buying them. You know the Cox family wants to do a buyout of Cox […]

One thing you know about rich people, they know how to get richer. For instance, when rest of the junta is finding little of value in cable stocks, the rich guys are buying them. You know the Cox family wants to do a buyout of Cox Communications, though the price they have offered to take the company private is a tad low. Anyway it will be done. Similarly right after Comcast dropped its bid for Disney, Sage of Omaha, aka Warren Buffet’s Berkshire Hathaway snapped up 5 million shares of the #1 cable operator in the country for about $148 million. In short, he sees value where others don’t.

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