“‘I don’t think there’s the slightest chance that Warren Buffett is doing something that is deeply evil to make money for himself.’”
— Charlie Munger
That was Charlie Munger, vice chairman of Berkshire Hathaway
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’s Becky Quick in a video that was published on Thursday.
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
traded those same stocks in 2009 and 2012. Stocks that Buffett and Berkshire both traded in during that t …