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Warren Buffet Invests In Iron Mountain

by Naresh Sarwan on May 27, 2010

As reported in the Wall Street Journal last week, legendary investor, Warren Buffet, CEO and Chairman of Berkshire Hathaway and the world’s 2nd richest man has recently acquired nearly 800,000 shares of Document Management group, Iron Mountain.

Buffet is renowned for his tendency to avoid tech stocks because of the complexity of understanding technology businesses, so this latest investment marks an interesting shift in strategy and is perhaps a recognition that he sees Document Management (and possibly related technologies such as DAM and ECM) as both becoming more mainstream and also potentially highly lucrative.

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