More Deere Stock
Bill Gates has been moving from computers to tractors. Gates’s Cascade Investment firm acquired 24.5 million shares of Deere & Company in 2011, and recently bought three million additional shares of the farm equipment maker. This puts Gates’s stake in Deere & Company at about seven percent. Many wonder what Gates real motive is for investing in Deere and Co.. Perhaps he’s just being a sharp investor. Deere stock is value priced, and it seems to be a well run company. Gates is also known as a proactive supporter of increasing opportunities in the area of food production around the world; focusing on helping farmers in third world countries become self sufficient in producing food for their families. Of course Gates is in good company when it comes to owning Deere stock, billionaires Warren Buffett and Ken Fisher are also top fund owners of Deere & Company. These guys are billionaires for good reason. They put a good chunk of their money in what brokers like to call “forever stocks”, stocks that you can buy today and hold onto for the rest of your life. Who knows, it might be a good idea to follow their lead. Now if I could just come up with an “extra” million or two to spare.