General Re: Buffett's $22 Billion Hedge
Even for Warren E. Buffett, success can have a downside. America's best-known stock market investor has piled up big profits with big bets on big U.S. companies. But that begs a question. Suppose Buffett wanted to lighten up on his more stratospheric stock holdings, say, to protect against a fall. Could he make a major move without unnerving the legions of investors who follow his every transaction? If his agreement to buy General Re Corp. is any indication, Buffett is up to the challenge.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- These Guys Want to Lend You Money Against Your Bitcoin
- Fed Raises Rates, Eyes Three 2018 Hikes as Yellen Era Nears End
- This Electric Truck Will Probably Beat Tesla’s to Market
- Bitcoin Points Way to ‘Massive Change’ for Commodity Businesses
- Famed Short-Seller Jim Chanos Says Tesla Headed for ‘Brick Wall’