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.”
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