Warren Buffett’s Berkshire Made $12 Billion Bet on Trump’s Stocks Rally

[kreslik.news]

After Donald Trump’s unexpected win in the U.S. presidential election, one of Hillary Clinton’s biggest billionaire supporters bought $12 billion of stock in his company. Warren Buffett revealed in an interview with talk show host Charlie Roseth that he added large investments to his stock portfolio at Berkshire Hathaway to capitalise on the “Trump rally”.

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The stocks market’s rally should have helped make Buffett even wealthier. Investors have been betting that Trump will seek to cut back on regulation of banks and other industries and ... (read more)