The man sits on the boards of most of the companies he controls through Berkshire. This is a distinction from Ivan Boesky on insider trading. Buffett should be brought up on charges for insider trading inasmuch as he trades on the decisions he knows are being made by companies whose boards he sits. Sweet set up. And by public pronouncements like this he is shoveling crap to the market to drive his cap prices up on his holdings. He is certainly not a genius, but the lawyers who set him up in Berkshire are/were.
Well yes, but it's not quite that simple. There are limitations to when he can buy and sell - cooling off or holding periods (like SEC Rule 144 for example). And, everything he buys or sells for companies that he actually has a board seat, are public trades - they must be published per SEC guidelines.
The CEO of any company can buy or sell stock in his own company, but it's a VERY public sale.
“The man sits on the boards of most of the companies he controls through Berkshire. This is a distinction from Ivan Boesky on insider trading. Buffett should be brought up on charges for insider trading inasmuch as he trades on the decisions he knows are being made by companies whose boards he sits. Sweet set up. And by public pronouncements like this he is shoveling crap to the market to drive his cap prices up on his holdings. He is certainly not a genius, but the lawyers who set him up in Berkshire are/were.”
That is incorrect. He owns the companies through Berkshire. He doesn’t trade on the info, he already owns them outright. Insider trading would be if he was buying or selling Berkshire shares based on inside info re Berkshire and it’s holdings...which he does not do.