This morning, we woke up to the news that Buffett is buying Van Tuyl Group, the nation’s largest privately held car dealership chain. Not only that, but Warren said that he intends to buy more.
I wonder what Buffett is seeing in U.S. car dealers. With auto stocks in free fall and the rise of Uber and Tesla. Maybe, real estate?
— Ivaylo Ivanov (@ivanhoff) Oct. 2 at 07:32 AM
Remember when people were making fun of Buffett for buying a railway a few years ago. He was spot on this major trend. He thinks 10yrs ahead
— Ivaylo Ivanov (@ivanhoff) Oct. 2 at 07:33 AM
Here are some of the comments I received on StockTwits and Twitter:
@ivanhoff He just has too much money to focus solely on "wonderful" businesses. Has to settle for "average" ones.
— Jesse Felder (@jessefelder) October 2, 2014
@ivanhoff he sees how easy it is to get a car loan vs buying a home and knows peeps will pay their car loans first!
— CK (@gadawgck) October 2, 2014
@ivanhoff he thinks it's still 1980 🙂 He probably bought them VERY cheap
— sunkist1212 (@jenfield94) October 2, 2014
@ivanhoff 10 years ahead everything is a driverless car and there are no more car dealerships
— Leigh Drogen (@LDrogen) October 2, 2014
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