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To: 4rcane

>> um, does that constitute insider trading?

No. He didn’t break any laws.

Sleazy? Maybe. Depends.

On the one hand, if you hired a guy to pick stocks for you, would you want to buy stocks he recommended that he wouldn’t buy himself?

On the other hand, if he only bought his share because he new that after you bought your HUGE share his smaller share would go up...

Sounds like a private matter for Berkshire Hathaway to arbitrate.


4 posted on 03/30/2011 4:46:58 PM PDT by Nervous Tick (Trust in God, but row away from the rocks!)
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To: Nervous Tick

In this case, he knows if Buffet greenlights BH investing in said company, those shares he bought become much more valuable....guilty


7 posted on 03/30/2011 4:52:02 PM PDT by GQuagmire (Hey now!)
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To: Nervous Tick; nkycincinnatikid
Too, if they guy was so high on the stock, and there was no certainty buffett would buy it, it's not out of the question that he'd buy it. A little self-serving, perhaps; disloyal and impetuous, perhaps, but as someone else pointed out, that's just the "new capitalism."

but, nah, now that I think about it, I'm sure they'd addressed stuff like this. I'm sure it's in his contract to leave his personal account alone so as to avoid even the appearance of impropriety. If it wasn't, Buffett couldn't have fired him.

11 posted on 03/30/2011 5:18:54 PM PDT by the invisib1e hand (You is what you am.)
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