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Warren Buffett Issues Death Threat |
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Wednesday, 25 July 2007 |
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We show below our common stock investments. With two exceptions, those that had a market value of more than $700 million at the end of 2006 are itemized.
We don't itemize the two securities referred to, which have a market value of $1.9 billion, because we continue to buy them. I could, of course, tell you their names.
But then I would have to kill you.Buffett's lesson is this: He ain't going to tell you what he's buying because that information creates attention around the stocks and fundamentally alters the price at which he would continue buying shares. Much as he'd like to leave you alive, for the sake of Berkshire Hathaway's shareholders, if the information slipped out -- he'd simply have a fiduciary duty to terminate you with extreme prejudice.
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