At the beginning of 2020, shares were trading a few bucks shy of triple digits. It would later close at over $883 in January 2021 before shedding a significant portion of those gains.
From 2014 to 2018, Mr. Buffett’s wealth soared by $24.3 billion, according to ProPublica. (To underline, this is just the amount the fortune grew.) The amount of taxes Mr. Buffett paid over this period? $23.7 million. [惊吓]
Bond prices and yields move in opposite directions. If rates don't rise quickly or far enough, these investors may become nervous about losses and exit their bets.