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My Personal Finance Journey

Personal finance observation, musing and decisions in a journey toward financial independence by 36 with at least $1 million.

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Warren Buffett Loves Retailing





It seems Buffett is hedging his bets by investing in both Target (TGT) and Wal-Mart (WMT). We probably already missed the boat: TGT is already 20% higher than it was two months ago.

From WSJ:

Billionaire Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB) bought nearly $268.8 million in discount retailer Target Corp. (TGT) stock, according to documents filed with the Securities and Exchange Commission on Monday.

The documents are the first to mention Berkshire's holdings in Target, although Berkshire has long held stock in Target's main competitor, Wal-Mart Stores Inc. (WMT).

The documents also revealed an even bigger stake in Johnson & Johnson (JNJ) than Berkshire had previously disclosed.

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Berkshire owns furniture, insurance, jewelry and candy companies, restaurants, natural gas and corporate jet firms and has major investments in such companies as Coca-Cola Co. (KO), Anheuser-Busch Cos. (BUD) and Wells Fargo & Co. (WFC).

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