“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.
How certain can one be that he does not do that. Other than his espoused belief in buying, holding and supposedly never selling anything- which is clear has not happened in the past as “Berkshire” takes positions. Profit from dividends only? In any case it is a nice layer of facade. I trust no-one like him, Soros, Gates... several others including the Agha Khan or Ibn Talaweed. The ballfield of these type of players( along with Golden Slacks) has never been level.