The Great Bitcoin Debate: Warren Buffett vs. Bill Miller (The Motley Fool)
After Charlie Munger said Bitcoin (CRYPTO:BTC) is, “disgusting and contrary to the interests of civilization,” at the recent Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) annual meeting, some may get the idea that all value investors must hate the world’s largest cryptocurrency. Well, as in everything related to the market, the Bitcoin debate is not so cut and dried, even among famous value investors. For instance, Bill Miller, a very successful value investor and Buffett acolyte, is a Bitcoin bull. Miller invested in Bitcoin in his fund years ago, before being forced to spin out his Bitcoin holdings into a separate account for investors. Miller also invested his personal money in Bitcoin and is now a Bitcoin billionaire after having purchased the cryptocurrency back in 2014-2015 at an average price around $350 per share, which he continues to hold.
Elliott Buys More Than $200 Million Twitter Shares On Dip (Bloomberg)
Elliott Investment Management has increased its stake in Twitter Inc. following a dramatic sell-off of the social media company’s shares after it reported a sluggish start to the year last week, according to people familiar with the matter. The New York-based hedge fund run by billionaire Paul Singer has increased its stake in Twitter by more than $200 million and continues to buy after the sell-off began Friday, the people said, asking not to be identified because the matter is private. Elliott disclosed a stake in Twitter last year, though it’s not clear how big it currently is.
Tuesday 5/4 Insider Buying Report: LLY, CBAN (Nasdaq.com)
On Friday, Eli Lilly’s Director, Jackson P. Tai, made a $249,759 buy of LLY, purchasing 1,366 shares at a cost of $182.84 a piece. So far Tai is in the green, up about 3.5% on their purchase based on today’s trading high of $189.25. Eli Lilly is trading up about 1.8% on the day Tuesday. And at Colony Bankcorp, there was insider buying on Thursday, by Director Meagan M. Mowry who bought 3,166 shares at a cost of $15.71 each, for a trade totaling $49,738. Before this latest buy, Mowry made one other purchase in the past year, buying $35,955 shares for a cost of $11.08 each. Colony Bankcorp, is trading down about 0.9% on the day Tuesday. So far Mowry is in the green, up about 4.6% on their purchase based on today’s trading high of $16.43.
3m Co (MMM) Chairman and CEO Michael F Roman Sold $1.3 million of Shares (Guru Focus)
Chairman and CEO of 3m Co., Michael F Roman, sold 6,803 shares of MMM on 05/03/2021 at an average price of $197.8 a share. The total sale was $1.3 million.
The Seg Pres. Gr. & Military Bus. of Humana (NYSE: HUM) is Selling Shares (Analyst Ratings)
Today, the Seg Pres. Gr. & Military Bus. of Humana (HUM), Christopher Hunter, sold shares of HUM for $2.29M. Following Christopher Hunter’s last HUM Sell transaction on February 23, 2021, the stock climbed by 67.6%. In addition to Christopher Hunter, one other HUM executive reported Sell trades in the last month. Based on Humana’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $20.67 billion and quarterly net profit of $828 million.
