IBM does not sell car insurance. Or ice cream. Or underwear.
So what are we to make of the fact that Warren Buffett's Berkshire Hathaway (BRKB), which owns Geico, Dairy Queen and Fruit of the Loom, has made a massive investment in hardware, software and services titan IBM (IBM, Fortune 500)?
Not much.
Buffett may be known as the Oracle of Omaha. But he probably doesn't know much about software company (and IBM competitor) Oracle (ORCL, Fortune 500). Buffett is not a tech nerd ... and purchasing a more than $10 billion stake in Big Blue doesn't suddenly give him geek cred.
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