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Re:Warren Buffett Privately Traded Stocks Berkshire Hathaway Was Buyin...
on Friday November 10, 2023 @08:22PM (#38226648)
Holy clickbait hit piece. Pro Publica took 2 decades of leaked records and found 1 trade trade where he sold before Berkshire sold and 1 trade where he bought while Berkshire bought. This all totaled in less than $100 million, 0.1% of Buffet's current net worth.
This is just p-hacking. They have such a glut of data and so little context that they're going to find suspicious-looking things.
* The article also mentions he sold some Wells Fargo shares from his personal account after its price rose 20%. According to a Fortune article from April, 2009, Buffett's TV comments on Wells Fargo made the price raise. The article apparently wants you to draw the conclusion that Buffett pumped the stock on TV so he could sell at a profit.