Subject: Buffett, Dimon, what might be up ?
For those who have been reading these Berkshire message boards for over 20 years, it's time for me to speculate, again. Why did Dimon and Buffett meet and what was the nature of the conversation? My GUESS is that Dimon has agreed to become SEC of the Treasury regardless of who wins. Dimon would receive huge tax benefits if he took the job. Section 1043 of the tax code is complex, but Dimon would have to sell his JP MORGAN stock , his other stock holdings, TAX FREE, and reinvest in broadly diversified funds etc. IF, Buffett continues to sell apple down to a much smaller position within brkb, and he continues to sell the Bank of America down substantially, could Dimon make the argument that BRKB is so broadly diversified that he should be allowed to invest a portion or most of the proceeds of his stock sales in Berkshire. We know Buffett has always been a huge fan of Dimon, we know Dimon and Buffett both HATE the crypto space, and I can't think of any better way to close out Buffett's life and career than having Jamie go, ALL IN, Berkshire. Obviously, the wall street money and support would flow to Harris IF Dimon can, hint to the street, and the bigger players that he will be Harris's SEC of the TREA and that she would be receptive to becoming, capitalist friendly, regardless of her prior, leanings. Unlike prior predictions, on this one I'll know if I was right in 6 months or less. Hopefully Buffet stays in acceptable health, and gets to enjoy this possible outcome, in your 90s, health can change very quickly. Not a bad time to thank uncle Warren Buffett for being the most unselfish CEO in American history. He never took one stock option or one free share from us, his partners, he never took a reasonable salary above the cost of his own security team, and he's giving away 99 % of his wealth. What a ride!!