Dude, when Buffett buys most of the time he buys directly from the company at a negotiated price. Many of those stocks are preferred stock with high yield. Remember GS? Buffett bought $3.5B GS preferred with 10% dividends. If I can get 10% yield from AAPL I would buy that too. He also buys enough to become an insider. He can call up the CEO at midnight and ask him what is going on. You can do none of that. So stop quoting Buffett. You can't invest the way he does. None of us can.