BUFFETT’S BERKSHIRE IS BEING PACKAGED INTO A LEVERAGED ETF
https://media.zenfs.com/en/bloomberg_markets_842/662c913251c7fbcfd47e2b0e149d10e0
✍️ Warren Buffett's Berkshire Hathaway is being targeted by a new exchange-traded fund (ETF) that aims to provide 200% daily returns, using derivatives to amplify the company's performance.
👉 The ETF will provide 200% daily returns by using derivatives to amplify Berkshire's performance 👉 It will buy Berkshire Class B shares and issue its own stock to investors 👉 The move may not sit well with Warren Buffett, who has expressed concerns about derivatives 👉 The ETF is designed for active traders who want to bet on Berkshire's performance for a single day
-- #WarrenBuffett #GavinFilmore #MatthewPalazola #SamKatz #SouthKorea #Milwaukee #Omaha #Philadelphia #mainstream #business
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