The guy is a billionaire on his BRK and MidAmerican Energy Holdings stock and he is far from dumb.
ZH comes close to defamation with their headline.
The brain behind the Lubrizol acquisition resigns unexpectedly, and the strangest press release-cum-letter from Buffett follows: "Shortly before I left for Asia on March 19, I learned that Dave first purchased 2,300 shares of Lubrizol on December 14, which he then sold on December 21. Subsequently, on January 5, 6 and 7, he bought 96,060 shares pursuant to a 100,000-share order he had placed with a $104 per share limit price. Dave’s purchases were made before he had discussed Lubrizol with me and with no knowledge of how I might react to his idea. In addition, of course, he did not know what Lubrizol’s reaction would be if I developed an interest." Frontrunning?Out of ZH's peanut gallery comes the best comment so far:
A real oracle would have seen this coming.