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Warren Buffett sees $11 billion boom on Donald Trump win
CNBC ^ | 11/22/2016 | Jeff Cox

Posted on 11/22/2016 6:58:44 PM PST by Olog-hai

For someone who backed Hillary Clinton in the presidential election, Warren Buffett has done just fine so far with a Donald Trump victory.

The multibillionaire head of Berkshire Hathaway has seen his investment portfolio explode in the days since Trump’s stunning upset Nov. 8.

Buffett has benefited particularly well from the myriad financial holdings he holds in the company’s portfolio. Bank stocks have surged since Trump’s win, on anticipation of higher rates and less regulation of Wall Street.

Taken together, the company’s half-dozen top financial holdings have brought the Oracle of Omaha a hefty $4.3 billion in profits since the world woke up on Nov. 9 and realized that Trump was going to be the 45th U.S. president. (That total is based on Monday’s close and differs somewhat from a Motley Fool analysis that used different baselines.) …

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Politics/Elections
KEYWORDS: berkshirehathaway; billionaires; buffet; buffett; trump; trumpeconomy; trumptransition; warrenbuffett

1 posted on 11/22/2016 6:58:44 PM PST by Olog-hai
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To: Olog-hai

...and I bet with Trump raising his millions like this, Buffett isn’t going to have Clinton in office...


2 posted on 11/22/2016 6:59:58 PM PST by HarleyLady27 ('THE FORCE AWAKENS!!!' Trump/Pence: MAKE AMERICA GREAT AGAIN!!!)
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To: Olog-hai

For the super wealthy Democrats it isn’t about money, it’s about controlling everyones’ lives.


3 posted on 11/22/2016 7:00:41 PM PST by AlaskaErik (I served and protected my country for 31 years. Progressives spent that time trying to destroy it.)
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To: AlaskaErik

Can’t do that without money.


4 posted on 11/22/2016 7:01:13 PM PST by Olog-hai
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To: Olog-hai

And he will be sheltering it ALL from taxes.


5 posted on 11/22/2016 7:02:20 PM PST by Sgt_Schultze (If a border fence isn't effective, why is there a border fence around the White House?)
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To: HarleyLady27
Warren Buffett made MORE money...SURPRISE, SURPRISE, SURPRISE. That is was Buffett does. It's his raison d'etre...and why not!
6 posted on 11/22/2016 7:03:59 PM PST by cloudmountain
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To: AlaskaErik

Poverty is much more pleasant with a huge bank account.

7 posted on 11/22/2016 7:05:33 PM PST by Blue Jays ( Rock hard ~ Ride free)
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To: Olog-hai

Small caps have gone up over 8% in Nov.

Of course the Dims would say that’s nothing compared to the mego-rally Hillary winning would have caused...


8 posted on 11/22/2016 7:14:02 PM PST by Gasshog (Clinton denies... Except to see a lot of this)
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To: Olog-hai

You’re welcome...


9 posted on 11/22/2016 7:21:14 PM PST by Vendome (Don't take life so seriously-you won't live through you're anyway - "Enjoy Yourself" ala Louis Prima)
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To: Olog-hai
Isn't Buffet, Warren that is, the darling of the left? Actually, the other Buffet, Jimmy, is also a darling of the left and a helluva entertainer. (When he leaves politics out of his shows)

Both, 1%-er's. Go figure!

10 posted on 11/22/2016 7:22:07 PM PST by Road Warrior 04 (Molon Labe! (Oathkeeper))
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To: Olog-hai

ReDistribute Warren’s Wealth...hey that’s what the Dem’s wanted to do to us....so I’d say turnabout is fair play


11 posted on 11/22/2016 7:41:01 PM PST by Huskr4Bush
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To: Olog-hai

The author is a moron, it’s not “profit” unless you sell...


12 posted on 11/22/2016 9:16:58 PM PST by Axenolith (Government blows, and that which governs least, blows least...)
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To: Olog-hai

As J.P. Morgan observed, “Stocks will fluctuate.”

If you so happen to be worth $50 billion, a 20% market rally will raise the book value of your wealth by $10 billion.

When the inevitable bear market comes, there will be stories of how Warren lost $15 or $20 billion.

This is a non-story.


13 posted on 11/23/2016 5:10:50 AM PST by Pearls Before Swine
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