![]() ![]() … doesn’t make any sense,” Buffett stated in a 2019 CNBC interview.īuffett’s not the only billionaire portfolio manager that’s not a fan of IPOs. ![]() ![]() “The idea of saying the best place in the world I could put my money is something where all the selling incentives are there, commissions are higher, the animal spirits are rising, that that’s going to better than 1,000 other things I could buy where there is no similar enthusiasm. Given Buffett’s distaste for buying IPO stocks - Buffett last bought shares of Ford (NYSE: F) in 1956 - most believe that either Todd Combs or Ted Weschler was responsible for the trade. Not a bad month’s work for the boys at America’s largest conglomerate. 8, Berkshire is sitting on an unrealized profit (maybe it’s already sold them) of $743 million. Source: Sundry Photography / īerkshire Hathaway (NYSE: BRK.A, NYSE: BRK.B) bought a total of 6.12 million shares for approximately $730 million. ![]()
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