The longer your compound capital, the less you need luck and the more you need Shrewdness.
- Manlobbi
Halls of Shrewd'm / US Policy
No. of Recommendations: 1
No. of Recommendations: 0
"" A sizable increase in both percentage (+14.4%) and dollars (almost $2.4 billion) for Chevron, but it follows four straight quarters of declines from 165 million shares as of September 30, 2022. Berkshire's 126 million shares are currently valued at almost $19 billion, which is about 5% of the portfolio's total value."" Anyway, for Americans who have been regulated by the SEC, NASDAQ, and state security regulator's, IF I was aggressively trading a stock , I wouldn't have private three hours meetings with its CEO etc. If you have never dealt with the American securities regulator's you might not get it, and that's fine.
No. of Recommendations: 28
IF I was aggressively trading a stock , I wouldn't have private three hours meetings with its CEO etc. If you have never dealt with the American securities regulator's you might not get it, and that's fine.
I think perhaps you don't really understand the rule.
And yes, I have been a registered insider at more than one public company. In more than one country, for that matter.
You can have discussions all you want. For example, that's how deals get negotiated.
Overgeneralizing a bit, to break the rules all of the following would have to be true:
* there has to be an actual thing going on within the company (most frequently big bad news or an agreed M&A event, but not just an idea or normal day to day business)
* it has to be material
* disclosed to someone outside the firm who is not within the circle of the firm's insiders (in this context legal "insiders" can include non-employees)
* not yet publicly disclosed
There is no indication that ANY of those is true in this situation.
Jim
No. of Recommendations: 7
Yes, Jim has it right of course. And this Warren Buffett character is not a total newbie in these matters either.
No. of Recommendations: 0
Can you remind of us of one of the many reasons Buffett gave for not buying msft? Thank you.
No. of Recommendations: 2
Technically Buffett/Berkshire bought the stock in 2001 when New England Asset Management purchased it thru GEN RE stock's portfolio.
