Wishing I had bought some shares in Yahoo yesterday?

This morning, many media outlets are reporting the news of Microsoft's hostile takeover bid of Yahoo for $44.6 billion (at a 62% premium over previous day closing price),

1. Microsoft Bids $44.6 Billion for Yahoo - New York Times
2. Microsoft offers $44.6B US in cash and stock for Yahoo - CBC
3. Microsoft bids for Yahoo! to take on Google - Telegraph UK
4. Microsoft Offers to Buy Yahoo for $44.6 Billion - Bloomberg
5. Microsoft and Yahoo A $45 billion bet - Economist, and
6. Profiles: Microsoft and Yahoo - BBC

This may come as a surprise (or dismay) to some people, but I don't wish I had bought some shares in Yahoo yesterday. Not wanting to making a 62% one day return? Yes, that would be right!

The idea of buying shares in a company without much knowledge in the business operations of the company, and, worst, hoping for a hostile takeover may be a foolish risk to take.

P.S. May be a tiny bit of Warren Buffett's investing wisdom is finally settling in my tiny brain. (smile)