Billionaire Warren Buffett traded stocks from his personal investment account that his company Berkshire Hathaway BRK.B, +0.79% was also buying and selling, according to a Thursday report from ProPublica.
The report, which cites leaked data from the Internal Revenue Service, claims Buffett traded equities in his personal account during the same quarter or the quarter prior, before Berkshire Hathaway BRK.A, +0.53% traded those same stocks in 2009 and 2012. Companies that Buffett and Berkshire both traded in that period included Walmart WMT, -0.53%, Wells Fargo WFC, -0.33% and Johnson & Johnson JNJ, -1.00%.
Buffett has publicly said that he is not interested in investing in stocks that may be deemed a conflict of interest with Berkshire Hathaway. “I try to stay away from anything that could conflict with Berkshire,” Buffett said during the company’s annual meeting in 2016.Representatives for Berkshire Hathaway did not immediately respond to MarketWatch’s request for comment.
The 93-year old “Oracle of Omaha” has publicly stated that he has a private investment account that is separate from his company’s holdings, which as a publicly traded entity are required to disclose its holdings on a quarterly basis.Berkshire Hathaway ended the third quarter with a record cash pile of $157.2 billion, boosted by high interest rates. The company’s stock carries a market cap of $755 billion and is up 15.02% over the last 12 months.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: NBCLA - 🏆 319. / 59 Read more »
Source: CNBC - 🏆 12. / 72 Read more »