Berkshire Buys GM Before Plunge As Backups Pick Stocks-Bloomberg

General Motors (GM) has sold off as many of the cyclical companies have on global economic weakness.  Berkshire Hathaway has accumulated a reasonably sized position in the company.  Due to it being a smaller position it is unlikely that it was Warren Buffett, but more likely Todd Combs or Ted Weschler that was doing the buying.  It will be interesting to see if this is a high conviction purchase for Berkshire Hathaway as GM is certainly a better buy at current prices.