Warren Buffett’s Plug For Detroit, General Motors

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HFA Staff
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Warren Buffett

Never mind that with a twinkle in his eye, the legendary investor added a rider: “…at your cost price.” Dan Gilbert was interviewing Warren Buffett (full video interview at bottom of the post) on the occasion of Detroit Homecoming, a three-day event last week that focused on how to revitalize Detroit and attended by eminent business leaders. On Detroit and GM Buffett was philosophical on Detroit’s current travails, saying that its finances had gotten out of hand – something that happened to many cities. He drew an interesting parallel with New York, 40 years ago, which was in a situation much…

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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.