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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: DTB   😊 😞
Number: of 21937 
Subject: Re: 13F : More Chevron
Date: 02/15/24 2:32 PM
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Are you suggesting that Berkshire did something material? And then told some non-insider about it, but not everyone? Who?
What transaction are you talking about?


The question is, is the following an example of the transfer of some kind of 'insider information', prohibited by Rule FD?

"[Buffett] has got a wealth of wisdom and perspective — from not only the investments he's made over the years, but the insights he has through all of his companies into various sectors of the economy."

"He asks a lot of great questions about our [O&G] industry. I've been really thrilled to have him as a shareholder." $CVX

"Sitting down and having lunch with Warren for 2-3 hours is a masterclass in leadership and wisdom."


The poster seem to think this is not appropriate. If this catches on, it might be hard to recruit CEO: no more talking to people. It's not just that you can't disclose material events that haven't been announced to everyone and which might move the markets (the traditional understanding of Rule FD), it's that you can't talk to anyone, because talking to people means revealing information that might not be known to everyone (like your opinion on share repurchases vs capital investment in exploration and drilling, or whether you think there is a future in LNG exports, or what you think of competitors in your field). To make sure such relevant information is not disclosed, you would practically have to prohibit conversations of any kind, unless they are broadcast to the whole world.

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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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