5 ms·
He has been quoted numerous times about avoiding having people front-run him over the last 50+ years. He negotiated special disclosure rules with the SEC at one
by valuearb 6y ago
He has been quoted numerous times about avoiding having people front-run him over the last 50+ years. He negotiated special disclosure rules with the SEC at one point to avoid disclosing new positions quickly, IIRC.
- Red_Leaves_Flyy 6y agoWould love a source on buffets disclosure rules.
- easton 6y agoBest I could find, although behind the WSJ paywall: https://www.wsj.com/articles/SB10001424052970204319004577084723328963742 https://www.wsj.com/articles/SB10001424052970204319004577084.... (Archive link: https://archive.is/fKzDr https://archive.is/fKzDr)
- lilott8 6y agoThere aren't any formal rules that he lives and dies by, but read "Buffett: The Making of an American Capitalist" by Lowenstein. Buffett -- or at least Lowenstein captures -- expresses concern for people buying before he does.