Insider Trading- $900,000 Copy Buffett- $9.6 million
Saw this article by WSJ online “Common Sense: How to Copy Warren Buffett,” which in essence was saying that:
- Insider Trading- BAD
- Warren Buffett- GOOD
This guy Rajat Gupta is accused of insider trading by passing on information that he obtained as a director in Goldman Sachs and P&G.
So this guy he passed the information on to acted on it and made a cool $900,00 from this inside news.
Problem is that it is illegal and they could have done better and just ape Warren Buffett the day after the news was released that he bought the preference shares and held it, he would have been making $9.6 million instead.
Better yet, its legal.
So what you can do as an investor is to ape what someone else who is recognized as probably the greatest investor is doing. And just hold on for the ride.
Apology for not posting regularly, but doing my masters which is making me eat dinner at 10pm and doing assignments till 2am and no time to update this blog.
But to put things in perspective are the thousands who have lost their lives in the earthquake and tsunami in Japan. Plus the many more who have lost their homes, their cars and are without food and water.
If you want to, please donate to the Japanese Red Cross if you haven’t done so here:
2011 Japanese Earthquake and Tsunami
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reliance placed on information provided in the blog.
Shares and financial instruments illustrated in this blog can go down sharply or in certain instruments suffer total loss on the initial investments. Investors are advised to make their own judgment on the information provided and consult their own financial advisors or consultants as to the suitability of the products illustrated to their particular financial needs and objectives before acting on any information contained herein in this blog.
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