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That the markets know right away instead of waiting quietly to file through the SEC.
Buffett sold more than a million of -- 26 million share stake in Moody's ratings agency.
As it finally recovered from multi year lows the man who for more than thirty years now has been on the other render the phone when Buffett says cell.
He's gonna join his claim right now -- -- Fox Business exclusive live in Omaha -- Yes good and not just what it calls and says cell when he calls and says by John Bryant is very often on the other end of the phone -- He -- with Citigroup a long time broker at of course now managing director.
Of institutional equity and we're thrilled that you and Fox Business exclusive -- that makes me bad name as.
Is this what you're twenty somethings when he threw for your 25 years have -- shareholder meeting -- -- -- like after twenty years ago well.
It was terrific in the first one night and then resist the -- museum worn actually gave out free inclined he gave donuts.
And -- Coke.
You know we're only about 200 people there -- -- was -- the head twice at the end trust museum was really really nicely actually -- -- -- -- is a neutral.
No -- -- conducting screen out answers for you anymore right fit and healthy he would sell the toilet paper about -- to -- -- Let's -- it to your role in his professional life and it has been a fascinating water week.
We've spoken to in years past we figure the guy who gets the call in the middle of the night.
On fourth of July on Christmas Day up there with the home Marvin industries Christmas day's story a couple -- back but.
This year what has been the most memorable phone call the most memorable the -- I think the interesting thing with -- he's always in motion.
And he has wonderful vision -- rash.
And that's how he uses cash.
From all different companies can -- city and do this for long term views but the careful and optimizing that pet -- to make other investments.
For instance you know yesterday he announced he was flying through the rest of this car that you didn't already know this -- video of Israelis aren't really.
Car metal working that'll work the company out and buying it for two billion dollars and 40% now.
You know seven years ago when he brought the person to -- we paid four billion dollars for.
So basically you know it's an annualized for about 10% a year of school new investment -- -- -- you know who ruled 72.
If you wanna find out how long it takes to double your investment picks up into the fight to fight through an interest -- The -- find out how long it takes to.
Double your money to do the 72 and -- take 10% from deficit one point two years I've been basically seven years.
So that's 10% annualized from that investment -- that's a terrific investment.
It -- was interesting -- a shareholder letter where he said last year he had failed to make one gigantic investment of that of course in February he surprised.
Almost everybody about buying hides out right what do you think of that as his long time guy who affection.
Well I think it's terrific he's looking for big investments portable.
This when he has an operating partner putting up twelve billion dollars four billion in equity.
And then that eight billion preferred that he just 9% now.
Part of their -- he will be taken out at a premium and and he gets warrants to buy stocks -- you know kind -- cents on the dollar.
A bit after talking it some viewers are are watching and thinking -- that's just amazing how his mind works and by the way not just the -- companies that he felt.
Should also mention that his his stock portfolio which you've -- fingers and as well it's about 87.
Plus billion dollars here it was 87 billion dollars and -- -- was about fifty billion.
Let's look at some of the new positions that he's table and that and that it always surprises people when he puts up the filing that he says here is exactly what I -- Archer Daniels Midland.
Liberty Media Verisign would surprise me this -- is the technology company that he increase states.
Wells Fargo John it is now a gigantic -- thing is slightly bigger than -- Coca-Cola hoping for and I think so now.
At that test what I focus image one recently Islam might be what DirecTV we just kept -- -- of DirecTV he's but the fees broke up at the Gerald.
Then the -- states and and it doesn't mean a warrant doesn't love these companies have been some talk that he needs to raise capital by companies that he -- the report that was what we're going to venture investments he might.
To invest it could be fixed income could be confused mind.
You know position mentions to raise money.
Fiat CEO and that of course as we mentioned -- right in the end -- was you look at all this newspapers.
He is investing in newspapers -- Carlos Slim the Mexican billionaires -- investing papers Coke Brothers or interstate.
He's still at age 8082 as -- as a leader vs a follow.
You know I.
He has the vision.
He loves newspapers and you know.
He delivered -- newspapers when he was a kid and I'm sure you're going to be in the newspaper throwing contest again this year avoid you didn't -- Well when I really took out a window last year I went far but I went wide.
I thought I thought god pride and Citibank bank -- so but you're welcome makes you weren't --
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