Warren Buffett Just Bought 60 Million Shares of this Tech Stock
Warren Buffett is widely hailed as the greatest value investor of all time. So when he and his team at Berkshire Hathaway add a new stock to their portfolio, it's worth looking under the hood and finding out more.
A look at Berkshire's holdings reveals a host of sensible, inexpensively valued bank and financial stocks along with a handful of consumer staples and energy names. While Buffett has long had a penchant for financials, he hasn't been particularly noted as a tech investor, aside from his investment in Apple, which has become Berkshire's top holding.
But Berkshire's 13F filing just came out for the third quarter and shows that Buffett and his team initiated a large position in one tech stock: Taiwan Semiconductor Manufacturing (NYSE: TSM). Let's take a look at why the Oracle of Omaha bought Taiwan Semiconductor, and if this is a good stock for investors to follow him into.
Source Fool.com
