{"id":85626,"date":"2023-11-17T06:01:08","date_gmt":"2023-11-17T11:01:08","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/no-chance-warren-buffett-is-doing-something-deeply-evil-says-charlie-munger\/"},"modified":"2023-11-17T06:01:10","modified_gmt":"2023-11-17T11:01:10","slug":"no-chance-warren-buffett-is-doing-something-deeply-evil-says-charlie-munger","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=85626","title":{"rendered":"No chance Warren Buffett is doing something \u2018deeply evil,\u2019 says Charlie Munger"},"content":{"rendered":"
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\n \u201c<\/span>\u2018I don\u2019t think there\u2019s the slightest chance that Warren Buffett is doing something that is deeply evil to make money for himself.\u2019\u201d<\/span>\n <\/p>\n


\n \u2014 Charlie Munger<\/span>
\n <\/small><\/p><\/div>\n<\/p><\/div>\n

That was Charlie Munger, vice chairman of Berkshire Hathaway
\n BRK.B,
\n +0.86%<\/bg-quote>,<\/span>
\n pushing back against a ProPublica report that alleged his billionaire business partner Warren Buffett traded stocks in his personal investment account that Berkshire Hathaway was also buying and selling. Munger was interviewed by CNBC\u2019s Becky Quick in a video that was published on Thursday.<\/p>\n

\n

Specifically, the Nov. 9 report, which cited documents said to have been leaked from the Internal Revenue Service, alleged that Buffett traded equities in his private account during the same quarter, or the quarter prior, as Berkshire Hathaway
\n BRK.A,
\n +0.76%<\/bg-quote>
\n traded those same stocks in 2009 and 2012. Stocks that Buffett and Berkshire both traded in during that time are said to have included Walmart, Wells Fargo and Johnson & Johnson.<\/p>\n

\u201cHe cares more about what happens to Berkshire than he cares what happens to his own money,\u201d Munger continued. \u201cHe gave all his own money away. He doesn\u2019t even have it anymore.\u201d<\/p>\n

Munger, 99, is referencing Buffett\u2019s public pledge to give away nearly 99% of his wealth to philanthropic endeavors during his lifetime or in the event he dies.<\/p>\n

See also: <\/strong>Warren Buffett\u2019s Berkshire Hathaway exits General Motors<\/p>\n

The 93-year-old Buffett has publicly confirmed that he has a personal investment account that is separate from Berkshire, which is required to disclose its holdings on a quarterly basis.<\/p>\n

In the past, the \u201cOracle of Omaha\u201d has publicly disavowed any inclination to trade in stocks that may be seen as a potential conflict of interest with Berkshire Hathaway. \u201cI try to stay away from anything that could conflict with Berkshire,\u201d Buffett said during the company\u2019s annual meeting in 2016. \u201cI can\u2019t be buying what Berkshire is buying,\u201d he\u2019d said four years earlier.<\/p>\n

Representatives for Berkshire Hathaway did not immediately respond to MarketWatch\u2019s request for comment.<\/p>\n

Buffett has a net worth of $120.1 billion, according to Forbes, the fifth largest personal fortune in the world. Only Larry Ellison, Jeff Bezos, Bernard Arnault and Elon Musk have a higher worth.<\/p>\n

See also:<\/strong> Why Warren Buffett has done more to educate investors than any other corporate executive<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201c\u2018I don\u2019t think there\u2019s the slightest chance that Warren Buffett is doing something that is deeply evil to make money for himself.\u2019\u201d \u2014 Charlie Munger That was Charlie Munger, vice chairman of Berkshire Hathaway BRK.B, +0.86%, pushing back against a ProPublica report that alleged his billionaire business partner Warren Buffett traded stocks in his personal […]<\/p>\n","protected":false},"author":1,"featured_media":85627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-85626","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nNo chance Warren Buffett is doing something \u2018deeply evil,\u2019 says Charlie Munger | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u201c\u2018I don\u2019t think there\u2019s the 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