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Very interested in how the trade was executed. A big fish order, was it done in small chunks, by proxies? It was certainly not done in one go. Experience: E
by zhte415 10y ago
Very interested in how the trade was executed. A big fish order, was it done in small chunks, by proxies? It was certainly not done in one go.
Experience: Even 10 years back putting when in an investment management team, a $100 million order (of roughly same magnitude for total outstanding) was done painstakingly, often over several days, via various brokers, varying what was done based on intra-hour liquidity. Now, intra-hour liquidity is much less than hours and highly automated, so anyone HFT looking, would be interested.
- whatok 10y ago$1bn~ MV on a very heavily traded stock over a quarter does not seem like it would require any sort of acrobatics on BRK's side. Know nothing about their execution but really doesn't seem to be anything difficult.
- tim333 10y agoTraditionally Buffett works with two or three stock brokerage firms he trusts and tells them to buy the stocks he wants. They often just keep buying when blocks come on the market or it looks cheap. That can go on for months or years. Maybe not so much with $1bn of Apple but his $27bn stake in Wells Fargo for example has been built over some years.