Matthew Waterman
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IBM Leads The Dow Jones Downward Today


International Business Machines (IBM), a major component of the Down Jones 30, led the market down today. This is one of the rare cases when you can buy a company that Warren Buffett likes for less than what he paid for it. Berkshire Hathaway (BRK.A)(BRK.B) announced recently that they are sitting on an unrealized loss exceeding $2 billion. 

But if you buy IBM for a capital gain, you are in there for the wrong reasons. IBM has had consistent dividend increases on the order of 10% or more per year for decades

The stock closed down $2.94 today to $135.31. Berkshire A closed at $201,000.00 per share. But I'm sure that Warren got this one wrong somehow.