As Buffett Laments Kraft Heinz purchase, his Partner ,Jorge Buys $100 million -Notable Insider Buys Week Ending Sept 20,2019
Kraft Heinz insider buying dwarfs all others. While everyone is lamenting the purchase, including Warren Buffett who in a rare error stated publicly that he overpaid for Kraft Heinz, his partner in the deal, Jorge Lemann, buys a $100 million worth of the depressed stock. Jorge didn’t get to be the 36th richest person in the world according to Forbes, by being stupid. Of course, that is pocket change for Mr. Lemann but the $7 million by van Damme is not. One of the things you have to analyze in insider buying is the significance and meaningfulness of the buy. … Read more