I read somewhere he was recently dumping bank stocks. Don't recall if it was from all his bank stock or just certain ones. He probably does both at the same time, just to keep people guessing about what he wants to do so they don't drive up prices of what he really wants to buy or crash stocks he wants to get rid of.
Buffet
I read somewhere he was recently dumping bank stocks. Don't recall if it was from all his bank stock or just certain ones. He probably does both at the same time, just to keep people guessing about what he wants to do so they don't drive up prices of what he really wants to buy or crash stocks he wants to get rid of.
Buffet does not make money on stocks by buying them on the open market like you or I do, so it's unlikely he would be concerned about a price run up. He buys extremely large blocks at negotiated prices.
that may be, but those negotiations are affected by open market prices until the deals are closed.
Sorry, you're wrong. Read about how he bought BOA, or some of his other Billion dollar plus buys. Buffet tells them what he thinks it's worth, and doesn't give a shit what you or I would pay for it. Now the sell side is a different story. He doesn't sell much, but he is more subject to the trading value when he does.
Some corps are almost entirely institutionally owned, some aren't, so no I'm not 'wrong'. There was more to the BoA deal. If they're listed publicly, he has to comply with the SEC regs and file like everybody else. If they're a private company, they can do whatever they want.
As for firing people, yes, Buffet brags about that all the time. The Democrats and their media hacks like to portray him as some sort of friendly kind old Grampa spinning out homilies but he's just another sociopath like all the rest; he has PR people like the Silly Con Valley pirates and labor racketeers all do.
So you agree, there is more to the deals than the listed stock price. In fact the listed stock price has little if anything to do with the deals he does.
I agree that the market price effects what he pays for publicly traded stocks, yes. You seem to think somebody is going to sell it to him cheaper than what they get selling it or something, which of course makes no sense. They would face years of lawsuits from minority stockholders for artificially manipulating prices of publicly traded securities, for one.