Subject: Re: 13F out tonight?
They bought 26m shares over 9 months, or about 180 trading days, so about 144,000 shares a day. Average volume of Chubb is about 1.6m, so they were involved in a little less than 10% of the trades. Even for a $100b market cap company like Chubb, it's tough to build a meaningful stake.

Berkshire's sales of Apple was about $21b in one quarter, so this purchase doesn't do much to sop up the excess cash.

I wonder whether Buffett has finished buying Chubb or whether the SEC just refused to allow him to keep delaying the announcement.

dtb