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Please educate yourself about how Berkshire works before commenting anymore. And the fact is is that what you said was 100% incorrect. But why would that bother you.
Quote:
Originally Posted by helenejen
Incorrect representation of BRK.B.
Since you claim to know so much, please tell me what is wronga bout it? Hathaway also owns Boat USA, Dairy Queen, Jordans Furniture, Fruit of the Loom, Shaw Industries, along with hunreds of other non financial industries. BOTH the .A and .B are assets secured against the MAIN corporation, the ONLY difference is that B is 1/200th of a voting right of a class A share.
p.s. even Berkshire Hathaway reports them together BERKSHIRE HATHAWAY INC
Omaha, NE (BRK.A; BRK.B)
Berkshire Hathaway Inc. has two classes of common stock designated Class A and Class B. A share of Class B common stock has the rights of 1/30th of a share of Class A common stock except that a Class B share has 1/200th of the voting rights of a Class A share (rather than 1/30th of the vote). Each share of a Class A common stock is convertible at any time, at the holder’s option, into 30 shares of Class B common stock. This conversion privilege does not extend in the opposite direction. That is, holders of Class B shares are not able to convert them into Class A shares. Both Class A & B shareholders are entitled to attend the Berkshire Hathaway Annual Meeting which is held the first Saturday in May.
You think they are different in the underlying assets held, maybe you should call and tell Buffet he is wrong.. I for one think he holds more intelligence on the topic than any poster or even reporter on the topic..
They are assets/liabilities ON THE SAME COMPANY.. The fact that someone bought .A vs .B adds NOTHING to the topic, stop pretending it does
Thats the question that needs to be asked. If he sold stocks based upon information he obtained as an "insider" the answer is yes. Not enough information to determine if he did though.
Quote:
Originally Posted by delusianne
He didnt do any better with Berkshire Hathaway, haha.
Which is a side note, but adds nothing to the original question. He could have sold his stocks and gave his money to the homeless or burned it for heat. What he did with the money, if its gained due to an illegal act is not important..
Trading on insider information is but who is to determine if that scenario is considered insider information ?
I know, but no one accused him of insider trading that I saw in that article.
It was pretty clear a good top had been reached back then. Unless there are records of him calling his broker as soon as he left the building I dont see what can be made of this. News was already nervous by mid-Sept.
As for the headline, EVERYONE sold during "the big stock collapse"! Sept 17, the top had been reached weeks before and people were already selling.
Since you claim to know so much, please tell me what is wronga bout it? Hathaway also owns Boat USA, Dairy Queen, Jordans Furniture, Fruit of the Loom, Shaw Industries, along with hunreds of other non financial industries. BOTH the .A and .B are assets secured against the MAIN corporation, the ONLY difference is that B is 1/200th of a voting right of a class A share.
p.s. even Berkshire Hathaway reports them together BERKSHIRE HATHAWAY INC
Omaha, NE (BRK.A; BRK.B)
You think they are different in the underlying assets held, maybe you should call and tell Buffet he is wrong.. I for one think he holds more intelligence on the topic than any poster or even reporter on the topic..
Berkshire Hathaway Inc. has two classes of common stock designated Class A and Class B. A share of Class B common stock has the rights of 1/30th of a share of Class A common stock except that a Class B share has 1/200th of the voting rights of a Class A share (rather than 1/30th of the vote). Each share of a Class A common stock is convertible at any time, at the holder’s option, into 30 shares of Class B common stock. This conversion privilege does not extend in the opposite direction. That is, holders of Class B shares are not able to convert them into Class A shares. Both Class A & B shareholders are entitled to attend the Berkshire Hathaway Annual Meeting which is held the first Saturday in May.
They are assets/liabilities ON THE SAME COMPANY.. The fact that someone bought .A vs .B adds NOTHING to the topic, stop pretending it does
Go back and read your response to fauve. Your response was not correct, sorry. You simply conflated BRK.B for the whole of Berskshire, which is not what he was talking about. See what you are accusing me of is what you yourself did, just in reverse, but you don't have a problem with it when you do it, now do you.
And as to the thread, it's merely a talking point on the OP's daily propaganda from some right-wing hacks.
Go back and read your response to fauve. Your response was not correct, sorry. You simply conflated BRK.B for the whole of Berskshire, which is not what he was talking about.
Do you even know what a share of stock is? BRK.B is a SHARE of stock, its a COMMON stock, I simply showed that fauve was wrong in their statement of.
Quote:
Originally Posted by fauve
Second of all, Berkshire B owns mostly insurance companies and banks!!!
Absolutely postivively 100% WRONG, There is NO difference between what assets are held as collateral between BRK.A and BRK.B.
BRK.A is the preferred stock, BRK.B is a common stock BOTH of which hold assets in companies like Dairy Queen, Coca Cola, Washington Post, Nike Shoes, Gillette Company, LOTS of non banking equity assets. The ONLY difference between BRK.A and BRK.B is that BRK.B is guaranteed to be worth less than 1/30th of a value of BRK.A by nature of design, and what percentage of a vote holders get against Berkshire Hathaway main corporation. PERIOD..
It was created so that the "average" investor can invest in the ABOVE companies, under the Berkshire Hathaway label.. The fact that I have to keep repeating this to you, while you claim I was wrong, even though I posted links from Berkshire Hathaways own website confirming what I said is true is just astounding.
Quote:
Originally Posted by helenejen
And as to the thread, it's merely a talking point on the OP's daily propaganda from some right-wing hacks.
Actually I think it was a talking point put into place to give the left "justification" for Durbins cashing out of the other stock. After all, there is no real reason to add it unless one wishes to justify an illegal action (if indeed there is one) by saying that the resulting investment was also at a loss. Thats not "right wing" at all, but its a left wing justification which others here from the left have already repeated, claiming that is what matters.
Actually I think it was a talking point put into place to give the left "justification" for Durbins cashing out of the other stock. After all, there is no real reason to add it unless one wishes to justify an illegal action (if indeed there is one) by saying that the resulting investment was also at a loss. Thats not "right wing" at all, but its a left wing justification which others here from the left have already repeated, claiming that is what matters.
Why "the left"? The only political thing about this is that someone is probably gunning for Durbin and trying to make something out of nothing in this article.
Do you even know what a share of stock is? BRK.B is a SHARE of stock, its a COMMON stock, I simply showed that fauve was wrong in their statement of.
Absolutely postivively 100% WRONG, There is NO difference between what assets are held as collateral between BRK.A and BRK.B.
BRK.A is the preferred stock, BRK.B is a common stock BOTH of which hold assets in companies like Dairy Queen, Coca Cola, Washington Post, Nike Shoes, Gillette Company, LOTS of non banking equity assets. The ONLY difference between BRK.A and BRK.B is that BRK.B is guaranteed to be worth less than 1/30th of a value of BRK.A by nature of design, and what percentage of a vote holders get against Berkshire Hathaway main corporation. PERIOD..
It was created so that the "average" investor can invest in the ABOVE companies, under the Berkshire Hathaway label.. The fact that I have to keep repeating this to you, while you claim I was wrong, even though I posted links from Berkshire Hathaways own website confirming what I said is true is just astounding.
Yes, I'm perfectly aware of what BRK.B is.
And there is no need to justify what Durbin did, as other posters have already pointed out.
I guess it would be a crime if he cashed out using insider information and MADE money on the deal.
Since he lost money it's a non-issue. No one asked him about it so he hasn't lied.
Martha Stewart netted about $200K from insider trading but wasn't charged with it. Instead she was charged with lying to the SEC and FBI and obstructing justice. I don't see that Durbin did that.
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