Subject: brk, disclosure, transparency, not much
changes. Seems to me if brk filed an 8k, or non-mandatory Form 4s, disclosing the dates of sales and that the apple sales were completed for the year, apple would be even higher, IF, he's done selling for the year. Do any brk partners actually believe there aren't members of the financial community that know what he's doing? Does brk use 5 different firms to execute its trades? How many, others, can trade apple in that size? Has anyone ever asked?
Every quarter most members of the financial press erroneously report brk trades for the quarter. For instance, does anyone believe ULTA is a Buffett buy? Stocks often pop 3-5 % or substantially more based on fake news, that Buffett is a buyer. Obviously, Buffett could make it clear which trades are NOT his, but he refuses. As a result, T and T benefit from the Buffett pop, and still, they have lagged the index by so much Buffett refuses to disclose this data. Buffett has given T and T every edge he can, but still, no success on that task.
If anyone still reads all the footnotes to the filings, does brk disclose the amount of unrealized capital gains on its public securities holdings? Presumable brk sold its highest cost apple and BAC but IF, IF, he believes the tax rate might rise 25 % or more, in the next two years, who knows what he might be doing? The strength in the stock sure has surprised most of us, that's, a beautiful thing! Thank you.