Warren Buffet’s 2010 Regulatory Filing Unveils Surprise Moves
November 17th, 2010 - 12:17 am ICT by Angela Kaye Mason
Nov 16 (THAINDIAN NEWS) While the eighty year old chairman Warren Buffett is known for making multi-million dollar bets on stocks, his regulatory filing for the year 2010 shows quite a few surprises which were made by the man.
Since the economic crisis which rocked the company in 2008, Buffett has been focused on buying whole companies, and has trimmed a few entities with which he used to hold stakes, such a Home Depot,Procter and Gamble, Iron Mountain, and Carmax. According to the company filings, all of these holdings were managed, at least in part, by Berkshire’s auto-insurance division, known as ‘Geico’.
Berkshire’s shares of Wells Fargo increased from 320.1 million to 336.4 million on the last three months, and it is said that the billionaire tycoon has increased the stake in Wells Fargo in four quarters just since the early part of ‘09. He is said to be going for the investments which he made during the financial crisis that were to be interest bearing deals.
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