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The billionaire investor has broken his standstill on investments in technology by pouring $12 billion into the 100 year old firm.

Liz Walsh
Liz Walsh on November 15, 2011. @LizG212

Warren Buffet’s investment firm, Berkshire Hathway, has been buying shares in IBM since March, and now owns 64 million shares, equivalent to 5.4% of the company’s stock. Securities regulators allowed Buffet to keep the purchases confidential until recently. In the past six months, IBM’s stock has risen 10%. The Guardian.

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Liz is a regular contributor to PSFK.com. Originally from New York City, she graduated from the University of Virginia in 2010. Her interests include art and activism. She documents graffiti, loves music, and writes about both when she can.

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