Taking advantage of an old rule, and following it to the letter, Berkshire Hathaway sent its disclosure of the sale of $141 millions of shares it owned in Petro
While it may be unusual and strange,
Buffett uses 41 cent stamp to disclose $141 million stock sale
Author: Sol Nasisi on September 15, 2007 - modified on October 6, 2018
Taking advantage of an old rule, and following it to the letter, Berkshire Hathaway sent its disclosure of the sale of $141 millions of shares it owned in Petro China by regular mail, taking 10 days to be received. Buffett unloaded other shares of Petro China a couple of months earlier in July, also disclosing the sale by regular mail and also taking days -- this time 14 -- to reach its destination. Pretty sleazy stuff for a multibillionaire.
Sol Nasisi: Sol Nasisi is the co-founder and a past president of BestCashCow, an online resource for comprehensive bank rate information. In this capacity, he closely followed rate trends for all savings-related and loan products and the impact of rate fluctuations on the economy. He specifically focused on how rates impact consumers' ability to borrow and save. He also has authored a wee
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