Warren Buffett to buy GM shares

Warren Buffet is well known as business magnate, investor, and philanthropist investor and role model to many.  Business aspirants’ success chaser are shocked with the move of Warren Buffet to by General Motors Shares. This comes after U.S government makes a move to wind down its position in the automakers which led to tax-payer bailout of GM in 2009. It announces that it will it will sell its share and hopefully to be done with GM in the year 2014. This results too many questions why does Buffet think’s that it’s a good idea to invest in GM.

The reviews by Analysts and media have been entirely terrific this has result to most investors having faith again with General Motors. The company has improve its business in China and no longer burdened by dysfunctional brand or its healthcare liabilities. GM is benefiting from many third-party endorsements. J.D. Power and Associates in June said GM was the top-ranked automaker on its Initial Quality Survey for the first time ever. Last month, Consumer Reports magazine declared the Chevrolet Impala the market's best sedan.

Buffets have been  generally positive about the efforts made by chairman and CEO Dan Akerson  on his opperations to stear up GM. Buffet was once quoted saying “I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years”.

Buffett appears to be betting that the worst is behind GM, and following his long-standing advice of buying low and holding long when it comes to stocks.