Why did Warren Buffett go on a $12 billion stock buying spree after Trump got elected given the high valuations of U.S stocks?

Among investors I know, those who bought big in the Trump rally were momentum players. Value investors I know mostly missed the Trump rally given the high U.S stock valuations. It was a surprise move for value investors coming from their idol. Of course, kudos to Buffett.

Submitted February 04, 2017 at 03:57PM by dennisrieves http://ift.tt/2l9ukXO