Israel's econo & me

This blog is mainly about the Israeli economy (and a little bit about me). I hope all you potential investors and economics freaks find this blog educational. Feel free to ask questions, write comments etc. Note: All opinions expressed are just that - opinions. Don't interpret them as financial recommendations or suggestions.

Saturday, May 06, 2006

Ouch

I feel like I just got a slap in the face telling me to WAKE UP!
Just a few days ago I wrote that I don't get it. I wondered how come the market is rising dispite some supposedly negative events for the economy. And along comes Warren Buffet, the second richest man in the world, and buys the Israeli company "Iscar". This is the largest business deal for an Israeli company ever and Buffet's third largest.
I think it says a lot about the Israeli economy's strength.

Buffet is considering buying more Israeli companies.
Well, I wish him good luck with his last purchase and want to thank him for the slap in the face.
I needed it.

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