This is what Buffett did, by buying IBM over BRK. Speaking of brilliant moves, there are people that own BRK, even though they think Buffett is a buffoon. UCMTUNW!
What would be the fundamental reason for this? I would think the opposite is true. I think they want to raise rates, but are afraid of the dollar value rising too quickly cutting off our exports.
Why would a logical person buy at an initial rate of return (business) of 11% to 12% when there are opportunities out there in the 20% range? Answer that question. Why, why, why????