He should have a little fun and set aside a million bucks to try to double each year. It's not like he can't make smaller investments just because he has billions of dollars.
Of course if he announced which stocks he picked at the time he purchases them the price would probably increase. Heisenberg and all that...
I often wonder if people like Jim Cramer end up manipulating the market just by talking publicly. And is it illegal? If Cramer says "I just bought such and such stock and think it's a great buy", and the price goes up because of it, and he sells his shares for a profit, is that illegal? He simply stated a fact and his opinion. Where is the line drawn?
I think the SEC has rules about when people like Jim Cramer are allowed to buy and sell stocks that they talk about publicly. He wouldn't be able to buy a bunch of shares of Company A, then go on TV the next day and say what a great buy it is, then sell it when it goes up the next day.
> He should have a little fun and set aside a million bucks to try to double each year. It's not like he can't make smaller investments just because he has billions of dollars.
The Berkshire Hathaway stockholders might object. It's a dumb objection, but it's probably enough to get past summary judgement.
Of course if he announced which stocks he picked at the time he purchases them the price would probably increase. Heisenberg and all that...
I often wonder if people like Jim Cramer end up manipulating the market just by talking publicly. And is it illegal? If Cramer says "I just bought such and such stock and think it's a great buy", and the price goes up because of it, and he sells his shares for a profit, is that illegal? He simply stated a fact and his opinion. Where is the line drawn?