warren buffet bashing encore

Warren Buffett has made another questionable stock play following it with a public announcement.  Buying IBM near a 52 week high, Buffett looks like he is setting himself for another great timing bust.  Like his disaster BAC and Wells Fargo play a few months ago, this IBM confidence should drain within a month or so.  Who advises buffett on financial decisions?  Surely he's just wasting money trying to prove a point, because his investing no longer makes sense, and his portfolio is no longer increasing in value.  Down over 10% on the year, Buffett no longer deserves the nickname "Oracle".