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Investors are following America's most famous investor. But those same investors should be careful.

It's not that Buffett isn't smart, he is. But at this stage of the game, Warren Buffett doesn't buy stocks on the open market by calling his broker, he buys them in bulk and in his TERM.

Buffett made the point that he's using his personal account to buy stocks.

That may be true and his heart may be in the right place, but it's also true that Buffett's fame, success and fortune ride with his investment company Berkshire, not his personal account.

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