No. of Recommendations: 17
don't forget he added 50 billion plus of his shares to the float. IF, he was selfish and had not donated any of his shares, yet, the stock would be higher as a result of the decrease in supply. Just sayin.
I hear you sayin', but that's not the way stocks work.
If somebody A sells a bunch of stock to somebody B, that doesn't change what C and D and E think the stock is worth, other than during the few moments of the trade if A is selling at market. C and D and E are looking at how the business is doing (as well as a bunch of irrelevant stuff), and they are very very numerous, so it's their bids and asks that determine the market price.
The price of an A share today is within a few cents of being the same as it would be with or without selling by Mr Buffett or the foundations.
Jim
