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Buffett Dumps BofA Stock Again, and Soon He May Trade in Secret

yahoo.com
submitted
10 mos ago
bygetthatmoneyyotofinance

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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7

6 Comments

3
theonesource
10 mos ago
So what's wrong with BofA that we all need to know about?
2
getthatmoneyyoOP
10 mos ago
Seems like it might be a tax play since he believes they're going to go up
2
theonesource
10 mos ago
That actually makes sense. Reap profits to a comfortable position and save on taxes before Dems raise them.
2
getthatmoneyyoOP
10 mos ago
It's smart to be able to take advantage of loopholes like that
2
theonesource
10 mos ago
Something only the rich can do
2
bambam
10 mos ago
Probably thinks it's overvalued at this point