Warren Buffett, the billionaire CEO of Berkshire Hathaway and all-around investing genius , was a big supporter of Hillary Clinton in the presidential election.
Betting On Trump: Buffett Bought $12 Billion In Stocks Since The Election | Zero Hedge
Buffett has backed many Democratic candidates over the years, and was highly critical of Donald Trump's refusal to release his tax returns. Buffett also said during the campaign that no matter whether Clinton or Trump was elected, he and his company would do just fine , and that the American economy would likely flourish regardless of who was president.
And, based on Buffett's recent revelation about the astounding amount of cash he's dropped into the stock market since the election, we know the extent to which he truly believes in that sentiment.
What stock is Bill Gates buying these days? | ZDNet
While appearing on the Charlie Rose show on Friday alongside fellow billionaire philanthropist Bill Gates, Buffett casually mentioned how much he and his company have invested in recent months. If that sounds like a lot, it is—even for Buffett and Berkshire Hathaway. So the flurry of stock purchasing since Donald Trump was elected president truly represents a huge shift.
What's also unusual is that Buffett is known for being a contrarian investor who goes against the tide—rather than riding market momentum. Buffett declined to say what kinds of stocks he's been buying, nor exactly why the company went into a rapid buy mode around the elections.
But in the short term at least, it seems like the moves could hardly have been timed better. The Dow Jones industrial average surged after Trump was elected, in what's widely regarded as a "Trump Bump.Secrets of Warren Buffett's Investing Strategy - Stock Market Passive Income How to Tips
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Warren Buffett and Bill Gates: Best Buds, Investment Frenemies or a Little Bit of Both? - TheStreet
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Bill Gates’ Stock Portfolio: Every Holding Analyzed - Sure Dividend Sure Dividend
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