Warren Buffett may have sold JPMorgan stake, Chris Bloomstran says - Business Insider

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Warren Buffett may have dumped his $5 billion JPMorgan stake last quarter, investor Chris Bloomstran says

accounts for about $6.1 billion of that, leaving around $6.7 billion in unexplained proceeds.

"My first instinct was Wells Fargo was sold — but that would have produced a $2 billion realized gain," he said.this week that Wells Fargo was the more likely option.Fred Liu's Hayden Capital has returned more than 100% in 2020. He breaks down the simple strategy he used to pinpoint 2 stocks that grew 10 times within just a few years.

 

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Can't blame of fault Warren here, as jpmorgan has been irrational on a number of fronts internally especially what it pays too many of it's employee's. Attn: emo_jamie_dimon

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