With that kind of warchest seems like he could manipulate the market lower, short term at least, and pick up his favorite companies still. Sort of like what Soros did to the British Pound and other currencies to pocket billions.
Isn’t Granpa Warren a major shareholder in Bank of America? He can use their expertise and cash as well.
RE: Sort of like what Soros did to the British Pound and other currencies to pocket billions.
I am an investor of Berkshire ( have been for years ) and this is one of my BEST investments.
Although I don’t agree with Buffet’s politics, I have not yet seen him act like the vulture Soros is. Buffet does not buy a company only to dump it quickly for short term or immediate gains. He does it because the company has a good business, provides useful products or services and has good long term value.
I would also say that he does not destroy a business. He wants to nurture it and see it do well.