Bill Gates buys $571 Million dollars in stocks on this ticker. Are you gonna read on? He calls these kind of things, like Mastercard and the Deer & co (farm equipment) his Forever stocks, things that you could hold on to forever.
What are Warren Buffet and Bill Gates buying.
Personally I would consider Cisco a Forever stock, and for sure Lululemon. I'm just bragging because I made over $200 in one day on that stock the other day. I bought the shares at $71 and it went up to $72-something. I say something cuz I'm obviously not managing my own money, too busy studying for these Cisco exams but there you go. Imagine if I had bought these in 2009 when they were $9 something a share, and then they split at $100 a few months ago.
My friend works at Cisco in Silicon Valley Kanata and he writes the Cisco IOS. They get stock options so that's pretty awesome. He was explaining to me this new thing with delivery of wireless in a metropolitan area and enabling mobility by having the user keep the same IP. The cellular bandwith is getting to congested so it sounds like folks in Hong Kong are moving over to the internet routing. Sounded really impressive, I'm not in mobile or wireless but that sounds really neat.
I won't be rich like Warren Buffet and Bill Gates, just working full time hours on routers and switches but atleast I know what is powering those supercomputers at the NYSE, forever!
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