I would have dismissed this as an inside matter, but the letter Buffett felt the need to write on the matter was unusual. I get the impression that Buffett thinks there is something more to this and he his looking for deniability.
Probably suspects this isn’t the first time he’s done this and a investigation into this time will lead to other times.
Bingo. I have never thought Warren Buffet was this lovably successful furball stock marketeer he fobs himself off to be.
Recent stock market heros mostly got there on timing schemes. In other words, they have lightening fast keyboard fingers. Got rich without providing any value added to a stock’s value. I give you NY’s Bloomberg and NJ’s Corzine as cases in point.
Timing schemes should be outlawed.