No. of Recommendations: 12
The only thing more spectacular than BRK's buy was the incredible exit of this massive stake as prices continue to rise.
An almost impossible feat, actually most would say it IS impossible before WEB's miraculous trade.
Now that you mention it, even having sold only a bit over half, in terms of gross profit just the half sold calculated as [scale * [sell price - entry price]] is probably the best single trade of all time to date anywhere, by quite a margin. One doesn't typically think of Mr Buffett as a "trader", but that doesn't actually mean he isn't incidentally the world's best at it.
Perhaps I've missed some other big trade more profitable, but I can't think of one. On Black Wednesday Mr Soros made his fame by making around $1bn on the sterling trade, which pales by comparison. Mr Bury made a little less for his clients in the credit crash. Did no other single trade ever come within an order of magnitude?
Jim
