Skip to comments.Warren Buffett sees $11 billion boom on Donald Trump win
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 Trumps stunning upset Nov. 8.
Buffett has benefited particularly well from the myriad financial holdings he holds in the companys portfolio. Bank stocks have surged since Trumps win, on anticipation of higher rates and less regulation of Wall Street.
Taken together, the companys 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 Mondays close and differs somewhat from a Motley Fool analysis that used different baselines.)
(Excerpt) Read more at cnbc.com ...
...and I bet with Trump raising his millions like this, Buffett isn’t going to have Clinton in office...
For the super wealthy Democrats it isn’t about money, it’s about controlling everyones’ lives.
Can’t do that without money.
And he will be sheltering it ALL from taxes.
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...
Both, 1%-er's. Go figure!
ReDistribute Warren’s Wealth...hey that’s what the Dem’s wanted to do to us....so I’d say turnabout is fair play
The author is a moron, it’s not “profit” unless you sell...
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.
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