Warren Buffett Reveals Stock Purchased After Trump Win

Support Team DML. Get the bumper sticker. CLICK HERE

A Hillary Clinton supporter, billionaire Warren Buffett, bought an additional $12 billion worth of stock options in his company Berkshire-Hathaway following Donald Trump’s presidential victory.

Buffett revealed his company’s recent splurge in an interview with PBS’ Charlie Rose on Friday. 

“We’ve, net, bought $12 billion of common stocks since the election,” Buffett said. “The guys that work with me, the two fellows, they probably bought a little bit or sold a little bit too.”

In reference to his “two fellows”, Buffet speaks of Todd Combs and Ted Weschler, a pair of deputies that initiated the stock purchases.

Opting not to comment on whether Berkshire placed the newest shares among the United States’ four largest airlines, Buffett did mention that the company’s decision to purchase nearly half of the same equity sum it spent the three years prior to the election was “…in large part my decision.”

Showing faith in the rising economic climate, Buffett believes Trump’s promise of four percent annual national growth may be farfetched, but said “Two percent will produce miracles.”

H/T: Reuters

"BUILD THE WALL" bumper stickers now on sale. (BUY NOW)

If you would like to receive Breaking News text alerts on a smartphone or tablet, download the DML APP which is completely FREE and easy to use. Go to the Google Play Store or the IOS App Store and search for DML APP. Be sure to keep the app’s notifications setting on. Another way to receive alerts is to text to 40404 the following message: follow @realdennislynch (be sure to put a space between the word follow and the @ symbol).

To see more stories like this, sign up below for Dennis Michael Lynch’s email newsletter.


Comment via Facebook

Send this to a friend