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Daily archives for August 20th, 2012

DID WARREN BUFFETT SELL MUNIS ON INSIDE INFORMATION

Aug20
2012
12 Comments Written by Chriss W. Street
DID WARREN BUFFETT SELL MUNIS ON INSIDE INFORMATION

According to a Securities & Exchange Commission regulatory filing, Berkshire Hathaway Inc. managed by world famous investor Warren Buffett, dumped half of their $16.5 billion investment in the municipal bond market.  The Wall Street Journal described the secretive sale of a huge amount of “munis” by such a dominant investor as a “red flag” for [...]

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Posted in Uncategorized - Tagged Berkshire Hathaway, California default, Chapter Nine, muni default, Warren Buffett
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