IRS data reportedly shows Buffett traded Berkshire stocks in personal account, according to ProPublica

  • 📰 CNBC
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The nonprofit news outlet cited a leak of confidential IRS data.

The 93-year-old investor has been open about the fact that he has a personal account, separate from his company's $300 billion equity portfolio. Berkshire is required to disclose its holdings quarterly to the Securities and Exchange Commission, but the holdings in Buffett's account and size of it are largely a mystery.

Buffett has said publicly that he tries to steer clear of the investments Berkshire is involved in when it comes to his personal account. "I try to stay away from anything that could conflict with Berkshire," Buffett said during Berkshire'sBerkshire Hathaway just reported a 40% jump in third-quarter operating earnings with Buffett still at the helm. The conglomerate

a record cash pile of $157 billion and has been overall selling down shares that it owns. The shares hit a record in September.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IRS data reportedly shows Buffett traded Berkshire stocks in personal account, according to ProPublicaThe nonprofit news outlet cited a leak of confidential IRS data.
Source: NBCLA - 🏆 319. / 59 Read more »

Berkshire Hathaway Inc. Cl B stock rises Wednesday, still underperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Source: MarketWatch - 🏆 3. / 97 Read more »

Berkshire hathaway got a big boost from this business in Q3Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B), the conglomerate run by Warren Buffett, was trading lower on Monday, down about 2% as of 2:30 p.m.
Source: FXStreetNews - 🏆 14. / 72 Read more »