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Buffett Dumps BofA Stock Again, and Soon He May Trade in Secret
yahoo.com
submitted
a mo ago
by
getthatmoneyyo
to
finance
Summary
A fresh round of disposals disclosed late Friday trimmed the conglomerate’s stake in the bank down to 11.4%. So long as Berkshire holds more than 10%, US rules require it to reveal transactions within a few days.
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6 Comments
3
theonesource
a mo ago
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So what's wrong with BofA that we all need to know about?
2
getthatmoneyyo
OP
a mo ago
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Seems like it might be a tax play since he believes they're going to go up
2
theonesource
a mo ago
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That actually makes sense. Reap profits to a comfortable position and save on taxes before Dems raise them.
2
getthatmoneyyo
OP
a mo ago
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It's smart to be able to take advantage of loopholes like that
2
theonesource
a mo ago
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Something only the rich can do
2
bambam
a mo ago
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Probably thinks it's overvalued at this point